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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)

Showing technical analysis as on 2023-03-16 View latest technical analysis

10 day averaged volume of Cont Petro is 2624

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	42.34	42.39	42.39	40.10	0.057 times
15 Wed Mar 2023	41.00	42.00	43.73	41.00	0.089 times
14 Tue Mar 2023	42.10	42.10	43.60	42.10	0.072 times
13 Mon Mar 2023	44.00	43.90	44.97	42.57	2.018 times
10 Fri Mar 2023	44.80	42.61	45.50	42.61	2.127 times
09 Thu Mar 2023	43.48	42.80	43.57	41.10	1.907 times
08 Wed Mar 2023	41.50	41.50	41.50	41.45	0.379 times
06 Mon Mar 2023	39.54	42.69	42.69	39.25	0.025 times
03 Fri Mar 2023	40.74	39.87	40.74	38.80	1.904 times
02 Thu Mar 2023	38.80	39.86	39.98	38.50	1.096 times

My analysis of stock is bullish for shortterm, and stock might move up till 44.2 or till 46.9. Use a stoploss of 42.04 and if this stock hits its stoploss, then it can fall down till 39.83

Share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Target	38.00
Downside Target	40.10
Downside Target	41.00
Upside Target	42.50
Upside Target	44.97
Upside Target	45.50
Upside Target	45.70
Upside Target	46.45
Upside Target	48.30
Upside Target	49.00
Upside Target	54.00

Intraday share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Intraday Target	39.97
Downside Intraday Target	37.6
Upside Intraday Target	44.84
Upside Intraday Target	47.34
Upside Intraday Target	42.47

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	42.34	43.90	44.97	40.10	0.504 times
10 Fri Mar 2023	44.80	42.69	45.50	39.25	0.653 times
03 Fri Mar 2023	40.74	41.80	42.50	38.00	1.357 times
24 Fri Feb 2023	40.50	46.45	46.45	39.10	0.441 times
17 Fri Feb 2023	44.25	45.10	49.00	43.10	2.481 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
16 Thu Mar 2023	42.34	38.45	45.50	38.45	0.386 times
28 Tue Feb 2023	39.20	41.25	49.00	38.00	2.283 times
31 Tue Jan 2023	42.30	43.00	45.70	41.05	0.428 times
30 Fri Dec 2022	44.50	42.05	48.30	39.00	1.229 times

Scroll below to view daily charts

Price has moved up 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Cont Petro ( (ContPetro) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Cont Petro ( (ContPetro) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Cont Petro ( (ContPetro) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 BUY signal for Cont Petro in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 42.68 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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