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(Gulfpetro) Gulfpetro complete technical analysis [charts+indicators] | Buy/Sell Gulfpetro | (Gulfpetro) share price targets

Complete technical analysis of Gulfpetro (Gulfpetro) by charts plus indicators, forecast predictions and share price targets for Gulfpetro (Gulfpetro)

10 day averaged volume of Gulfpetro is 28514

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 64.72 62.22 65.50 62.22 0.911 times
07 Tue May 2024 63.27 66.16 66.16 62.20 0.992 times
06 Mon May 2024 64.86 68.22 68.22 64.65 0.666 times
03 Fri May 2024 66.89 68.74 69.95 66.36 1.887 times
02 Thu May 2024 67.85 69.74 69.74 67.11 1.113 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 65.3, but if it comes above 65.3, then a intra day buy could be more profitable.
If you take a sell trade below 65.3, then use 65.3 as stoploss and 62.9 as target. However if you take a buy trade in stock , then use 65.3 as stoploss and 67.18 as target.

Share price targets for Gulfpetro (Gulfpetro)

Target Type Value
Downside Target 54.01
Downside Target 57.69
Downside Target 60.03
Downside Target 62.00
Downside Target 64.00
Upside Target 65.45
Upside Target 68.22
Upside Target 69.87
Upside Target 69.95
Upside Target 73.35
Upside Target 78.45
Upside Target 81.46
Upside Target 90.05

Intraday share price targets for Gulfpetro (Gulfpetro)

Target Type Value
Downside Intraday Target 61.87
Downside Intraday Target 59.03
Upside Intraday Target 67.89
Upside Intraday Target 71.07
Upside Intraday Target 65.05

Weekly technical analysis of Gulfpetro (Gulfpetro)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 64.72 68.22 68.22 62.20 0.503 times
03 Fri May 2024 66.89 65.81 69.95 65.81 1.855 times
26 Fri Apr 2024 66.91 66.66 69.87 65.45 0.889 times
19 Fri Apr 2024 65.24 64.56 68.40 64.00 0.893 times
12 Fri Apr 2024 68.92 67.28 73.35 65.71 0.494 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 Gulfpetro (Gulfpetro)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 64.72 69.74 69.95 62.20 0.302 times
30 Tue Apr 2024 68.37 62.77 73.35 62.00 0.199 times
28 Thu Mar 2024 60.50 66.35 90.05 57.69 2.588 times
29 Thu Feb 2024 66.81 74.39 78.45 60.03 0.541 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 Gulfpetro (Gulfpetro)

Indicator Name Indicator Value Indicator Signal
ADX 14, 22, 22 Sell
MACD -1, -0Sell
Stochastics 17Sell
CCI -135Buy
RSI 57Buy
OBV -150228Sell
VWAP 67Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Gulfpetro ( (Gulfpetro) ) 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 Gulfpetro ( (Gulfpetro) ) 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 Gulfpetro ( (Gulfpetro) ) based on a short to mid 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 Gulfpetro ( (Gulfpetro) ) 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 Gulfpetro stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Gulfpetro in short term and the sell signal is strong.

Gulfpetro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 Gulfpetro in short term but BUY 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 Gulfpetro is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 66.65 and Gulfpetro (Gulfpetro) 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 Gulfpetro (Gulfpetro) stock. Volume based technical analysis of Gulfpetro (Gulfpetro) stock is negative.

Gulfpetro 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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