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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 2023-09-22 View latest technical analysis

10 day averaged volume of Cont Petro is 7297

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Sep 2023	51.72	51.72	51.72	51.72	0.375 times
21 Thu Sep 2023	54.44	57.69	57.69	52.30	5.888 times
20 Wed Sep 2023	54.95	54.95	54.95	54.95	0.303 times
18 Mon Sep 2023	52.34	52.34	52.34	52.34	0.77 times
15 Fri Sep 2023	49.85	49.20	49.85	48.50	0.534 times
14 Thu Sep 2023	49.20	49.90	50.49	48.50	0.219 times
13 Wed Sep 2023	49.90	48.50	50.00	48.30	0.484 times
12 Tue Sep 2023	49.19	51.00	51.95	48.65	0.25 times
11 Mon Sep 2023	49.50	50.40	50.98	48.20	0.268 times
08 Fri Sep 2023	49.50	49.20	50.85	49.00	0.288 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 52 as stoploss in an intra day sell trade for a target of 50.32. However, stock will show a bullish move above 52.

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	51.72
Upside Target	51.95
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	49.73
Downside Intraday Target	47.74
Upside Intraday Target	55.7
Upside Intraday Target	59.68
Upside Intraday Target	53.71

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
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
25 Fri Aug 2023	48.76	51.49	51.49	47.20	0.291 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Cont Petro (ContPetro)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Sep 2023	51.72	50.00	57.69	47.20	0.979 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 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Cont Petro in short term and the buy 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. Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 53.13 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 negative.

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