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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)

10 day averaged volume of Cont Petro is 5074

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 88.65 88.80 88.80 85.06 0.385 times
06 Mon May 2024 88.87 87.73 89.94 84.30 0.539 times
03 Fri May 2024 87.73 92.69 92.69 87.73 1.155 times
02 Thu May 2024 92.34 88.70 93.00 88.50 0.827 times
30 Tue Apr 2024 93.14 91.10 94.40 90.00 0.892 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 90.5, but if it comes above 90.5, then a intra day buy could be more profitable.
If you take a sell trade below 90.5, then use 90.5 as stoploss and 85.6 as target. However if you take a buy trade in stock , then use 90.5 as stoploss and 94.55 as target.

Share price targets for Cont Petro (ContPetro)

Target Type Value
Downside Target 51.71
Downside Target 75.28
Downside Target 78.00
Downside Target 80.95
Downside Target 84.30
Downside Target 87.73
Upside Target 93.00
Upside Target 96.55
Upside Target 98.90
Upside Target 101.00
Upside Target 104.00
Upside Target 107.75
Upside Target 114.00

Intraday share price targets for Cont Petro (ContPetro)

Target Type Value
Downside Intraday Target 85.32
Downside Intraday Target 81.99
Upside Intraday Target 90.96
Upside Intraday Target 93.27
Downside Intraday Target 87.63

Weekly technical analysis of Cont Petro (ContPetro)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 88.65 87.73 89.94 84.30 0.281 times
03 Fri May 2024 87.73 96.55 96.55 87.73 0.471 times
26 Fri Apr 2024 92.81 101.00 101.00 88.35 2.369 times
19 Fri Apr 2024 98.12 98.00 107.75 90.90 0.444 times
12 Fri Apr 2024 102.65 91.48 104.00 88.04 1.509 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
07 Tue May 2024 88.65 88.70 93.00 84.30 0.13 times
30 Tue Apr 2024 93.14 82.00 107.75 78.00 1.424 times
28 Thu Mar 2024 82.00 98.90 98.90 80.95 0.202 times
29 Thu Feb 2024 100.88 82.25 114.00 75.28 0.812 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 12, 19, 21 Sell
MACD -0, 1Sell
Stochastics 20Sell
CCI -124Sell
RSI 51Buy
OBV 2030Sell
VWAP 92Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 SELL signal for Cont Petro in short term and the sell signal is strong.

Cont Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 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 91.66 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 positive

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

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