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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 2023-09-20 View latest technical analysis

10 day averaged volume of Cont Petro is 4180

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	54.95	54.95	54.95	54.95	0.529 times
18 Mon Sep 2023	52.34	52.34	52.34	52.34	1.344 times
15 Fri Sep 2023	49.85	49.20	49.85	48.50	0.931 times
14 Thu Sep 2023	49.20	49.90	50.49	48.50	0.383 times
13 Wed Sep 2023	49.90	48.50	50.00	48.30	0.844 times
12 Tue Sep 2023	49.19	51.00	51.95	48.65	0.436 times
11 Mon Sep 2023	49.50	50.40	50.98	48.20	0.467 times
08 Fri Sep 2023	49.50	49.20	50.85	49.00	0.502 times
07 Thu Sep 2023	50.04	49.99	50.48	49.01	1.74 times
06 Wed Sep 2023	50.25	48.50	51.00	47.20	2.709 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 53, for a target of 51.3 or 49.92

Share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Target	43.55
Downside Target	46.55
Downside Target	48.20
Downside Target	51.00
Downside Target	51.95
Downside Target	52.34
Downside Target	54.00
Downside Target	54.95
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	53.21
Downside Intraday Target	51.47
Upside Intraday Target	55.82
Upside Intraday Target	56.69
Downside Intraday Target	54.08

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Sep 2023	54.95	52.34	54.95	52.34	0.612 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
25 Fri Aug 2023	48.76	51.49	51.49	47.20	0.291 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
20 Wed Sep 2023	54.95	50.00	54.95	47.20	0.503 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 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 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and BUY 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

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 50.52 and Cont Petro (ContPetro) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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