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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 2023-09-15 View latest technical analysis

10 day averaged volume of Cont Petro is 3649

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Sep 2023	49.85	49.20	49.85	48.50	1.067 times
14 Thu Sep 2023	49.20	49.90	50.49	48.50	0.439 times
13 Wed Sep 2023	49.90	48.50	50.00	48.30	0.967 times
12 Tue Sep 2023	49.19	51.00	51.95	48.65	0.5 times
11 Mon Sep 2023	49.50	50.40	50.98	48.20	0.535 times
08 Fri Sep 2023	49.50	49.20	50.85	49.00	0.575 times
07 Thu Sep 2023	50.04	49.99	50.48	49.01	1.994 times
06 Wed Sep 2023	50.25	48.50	51.00	47.20	3.103 times
05 Tue Sep 2023	49.50	49.99	50.80	48.85	0.736 times
04 Mon Sep 2023	48.97	50.00	50.95	48.10	0.365 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 50.1 as stoploss in an intra day sell trade for a target of 49.52. However, stock will show a bullish move above 50.1.

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	51.49
Upside Target	51.95
Upside Target	54.00
Upside Target	56.50
Upside Target	56.89
Upside Target	56.95
Upside Target	65.54

Intraday share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Intraday Target	48.05
Downside Intraday Target	46.25
Upside Intraday Target	51.8
Upside Intraday Target	53.75
Upside Intraday Target	50

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
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
25 Fri Aug 2023	48.76	51.49	51.49	47.20	0.291 times
18 Fri Aug 2023	50.79	53.70	56.50	47.01	2.263 times

Price has moved up 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
15 Fri Sep 2023	49.85	50.00	51.95	47.20	0.421 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 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 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 to mid 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 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 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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Cont Petro in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 49.86 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.