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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 2023-09-25 View latest technical analysis

10 day averaged volume of Cont Petro is 6843

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Sep 2023	49.52	49.14	53.97	49.14	3.078 times
22 Fri Sep 2023	51.72	51.72	51.72	51.72	0.4 times
21 Thu Sep 2023	54.44	57.69	57.69	52.30	6.279 times
20 Wed Sep 2023	54.95	54.95	54.95	54.95	0.323 times
18 Mon Sep 2023	52.34	52.34	52.34	52.34	0.821 times
15 Fri Sep 2023	49.85	49.20	49.85	48.50	0.569 times
14 Thu Sep 2023	49.20	49.90	50.49	48.50	0.234 times
13 Wed Sep 2023	49.90	48.50	50.00	48.30	0.516 times
12 Tue Sep 2023	49.19	51.00	51.95	48.65	0.266 times
11 Mon Sep 2023	49.50	50.40	50.98	48.20	0.286 times

Stock of Cont Petro (ContPetro) has showed a significant fall. This could be a good time to exit from this stock.

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 48.7 as stoploss in an intra day buy trade for a target of 50.35. However, stock will show a bearish move below 48.7.

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	47.78
Downside Intraday Target	46.05
Upside Intraday Target	52.61
Upside Intraday Target	55.71
Upside Intraday Target	50.88

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Sep 2023	49.52	49.14	53.97	49.14	0.393 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
25 Mon Sep 2023	49.52	50.00	57.69	47.20	1.199 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 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 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 BUY signal for Cont Petro in short term but the buy signal is initial and weak.

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 coming down

CCI has generated a SELL signal for Cont Petro in short term and SELL signal is strong!

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 52.34 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 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.