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(ContPetro) Cont Petro complete technical analysis [charts+indicators] | Buy/Sell Cont Petro | (ContPetro) share price targets

Complete technical analysis of Cont Petro (ContPetro) by charts plus indicators, forecast predictions and share price targets for Cont Petro (ContPetro)

10 day averaged volume of Cont Petro is 2732

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	45.10	45.85	45.85	44.61	0.564 times
26 Fri May 2023	45.79	44.75	45.80	44.15	0.504 times
25 Thu May 2023	45.66	46.79	46.79	43.55	1.541 times
24 Wed May 2023	45.62	46.49	47.67	45.09	0.904 times
23 Tue May 2023	46.15	47.20	47.99	46.01	0.854 times
22 Mon May 2023	47.40	46.00	47.40	45.11	0.765 times
19 Fri May 2023	47.14	46.00	47.38	45.25	1.515 times
18 Thu May 2023	46.10	46.50	47.49	46.10	1.347 times
17 Wed May 2023	47.46	48.69	48.69	46.12	0.873 times
16 Tue May 2023	47.41	47.45	47.92	46.01	0.651 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.1, but if it comes above 46.1, then a intra day buy could be more profitable.
If you take a sell trade below 46.1, then use 46.1 as stoploss and 44.3 as target. However if you take a buy trade in stock , then use 46.1 as stoploss and 47.51 as target.

Share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Target	38.00
Downside Target	41.05
Downside Target	43.47
Downside Target	44.61
Upside Target	46.57
Upside Target	47.99
Upside Target	49.00
Upside Target	50.50
Upside Target	52.14
Upside Target	54.00
Upside Target	58.69

Intraday share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Intraday Target	44.52
Downside Intraday Target	43.95
Upside Intraday Target	45.76
Upside Intraday Target	46.43
Upside Intraday Target	45.19

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	45.10	45.85	45.85	44.61	0.124 times
26 Fri May 2023	45.79	46.00	47.99	43.55	0.841 times
19 Fri May 2023	47.14	50.50	50.50	45.25	0.69 times
12 Fri May 2023	48.24	45.51	52.14	45.51	1.603 times
05 Fri May 2023	47.69	51.00	54.00	46.57	1.71 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Cont Petro (ContPetro)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon May 2023	45.10	51.00	54.00	43.55	0.423 times
28 Fri Apr 2023	51.50	43.47	58.69	43.47	4.467 times
31 Fri Mar 2023	41.40	38.45	45.50	38.02	0.494 times
28 Tue Feb 2023	39.20	41.25	49.00	38.00	2.283 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cont Petro (ContPetro)

Price action analysis of Cont Petro ( (ContPetro) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cont Petro ( (ContPetro) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cont Petro ( (ContPetro) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Cont Petro stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Cont Petro in short term and the sell signal is strong.

Cont Petro Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Cont Petro in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Cont Petro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 46.4 and Cont Petro (ContPetro) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Cont Petro (ContPetro) stock. Volume based technical analysis of Cont Petro (ContPetro) stock is negative.

Cont Petro Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.