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Stock analysis Confidence Petro Ind Ltd. CONFIPET

More indepth analysis on MunafaSutra.com

Moving Averages for Confidence Petro Ind Ltd.

  • 5Day Average: 66.14
  • 12Day Average: 67.18
  • 20Day Average: 68.91
  • 50Day Average: 71.96
  • 100Day Average: 75.35
  • 150Day Average: 79.17
  • 200Day Average: 80.07

CONFIPET Indicators & signals

Indicator MACD (12,26,9)

67.07, 68.9, -1.43
Indicator MACD is in negative zone

Indicator ADX (14)

51.26, 11.07, 34.35
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CONFIPET Confidence Petro Ind Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
11 Tue Feb 2025 62.05 61.70 to 66.39 -5.74% 2.67 times
10 Mon Feb 2025 65.83 65.60 to 67.68 -2.36% 1.03 times
07 Fri Feb 2025 67.42 67.15 to 68.19 -0.56% 0.74 times
06 Thu Feb 2025 67.80 67.25 to 68.35 0.28% 0.73 times
05 Wed Feb 2025 67.61 67.43 to 68.99 0.61% 1.04 times
04 Tue Feb 2025 67.20 67.00 to 68.69 0.57% 0.87 times
03 Mon Feb 2025 66.82 66.36 to 67.91 -2.42% 1.02 times
31 Fri Jan 2025 68.48 68.13 to 69.35 0.06% 1.35 times
30 Thu Jan 2025 68.44 68.20 to 69.97 -0.77% 0.79 times
29 Wed Jan 2025 68.97 68.00 to 69.88 1.97% 0.81 times
28 Tue Jan 2025 67.64 65.80 to 69.40 -0.41% 1.61 times
27 Mon Jan 2025 67.92 67.56 to 69.00 -2.3% 1.3 times

Technical analysis forecast for Confidence Petro Ind Ltd. Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Confidence Petro Ind Ltd. CONFIPET at this time. Stock is falling and might fall more.

It appears as if Confidence Petro Ind Ltd. CONFIPET gave a large move recently.

Stock of Confidence Petro Ind Ltd. (CONFIPET) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Confidence Petro Ind Ltd. is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 62, for a target of 65.4 or 68.22

More indepth analysis on MunafaSutra.com