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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 8997

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	49.03	49.00	50.27	49.00	0.113 times
28 Thu Sep 2023	49.13	49.81	50.43	49.00	0.594 times
27 Wed Sep 2023	49.65	49.24	49.81	48.60	0.247 times
26 Tue Sep 2023	49.28	49.75	49.75	48.30	0.257 times
25 Mon Sep 2023	49.52	49.14	53.97	49.14	2.341 times
22 Fri Sep 2023	51.72	51.72	51.72	51.72	0.304 times
21 Thu Sep 2023	54.44	57.69	57.69	52.30	4.776 times
20 Wed Sep 2023	54.95	54.95	54.95	54.95	0.246 times
18 Mon Sep 2023	52.34	52.34	52.34	52.34	0.624 times
15 Fri Sep 2023	49.85	49.20	49.85	48.50	0.433 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.6 as stoploss in an intra day buy trade for a target of 50.31. However, stock will show a bearish move below 48.6.

Share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Target	43.55
Downside Target	46.55
Downside Target	48.20
Upside Target	51.00
Upside Target	51.95
Upside Target	53.97
Upside Target	54.00
Upside Target	56.89
Upside Target	56.95
Upside Target	57.69
Upside Target	65.54

Intraday share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Intraday Target	46.9
Downside Intraday Target	44.76
Upside Intraday Target	52.57
Upside Intraday Target	56.1
Upside Intraday Target	50.43

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	49.03	49.14	53.97	48.30	0.597 times
22 Fri Sep 2023	51.72	52.34	57.69	51.72	4.182 times
15 Fri Sep 2023	49.85	50.40	51.95	48.20	0.518 times
08 Fri Sep 2023	49.50	50.00	51.00	47.20	1.44 times
01 Fri Sep 2023	50.28	47.01	51.00	46.55	1.464 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 Fri Sep 2023	49.03	50.00	57.69	47.20	1.313 times
31 Thu Aug 2023	50.00	55.85	56.89	46.55	0.514 times
31 Mon Jul 2023	54.72	53.95	65.54	50.00	1.059 times
30 Fri Jun 2023	51.50	49.20	56.95	49.04	2.694 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.25 and Cont Petro (ContPetro) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.