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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 18530

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 63.13 64.69 64.69 63.00 0.351 times
15 Wed May 2024 63.42 63.37 64.35 63.01 0.368 times
14 Tue May 2024 63.36 65.05 65.05 62.73 0.651 times
13 Mon May 2024 63.77 63.87 64.42 60.80 0.812 times
10 Fri May 2024 63.87 63.08 64.56 60.89 0.461 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.5, but if it comes above 63.5, then a intra day buy could be more profitable.
If you take a sell trade below 63.5, then use 63.5 as stoploss and 61.1 as target. However if you take a buy trade in stock , then use 63.5 as stoploss and 65.57 as target.

Share price targets for Gulfpetro (Gulfpetro)

Target Type Value
Downside Target 54.01
Downside Target 57.69
Downside Target 60.03
Upside Target 64.00
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 60.94
Downside Intraday Target 58.74
Upside Intraday Target 65.19
Upside Intraday Target 67.24
Downside Intraday Target 62.99

Weekly technical analysis of Gulfpetro (Gulfpetro)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 63.13 63.87 65.05 60.80 0.444 times
10 Fri May 2024 63.87 68.22 68.22 60.89 0.625 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

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
16 Thu May 2024 63.13 69.74 69.95 60.80 0.413 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 16, 13, 8 Buy
MACD -2, -1Sell
Stochastics 27Sell
CCI -41Buy
RSI 59Buy
OBV -137068Sell
VWAP 65Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Gulfpetro ( (Gulfpetro) ) 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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 coming down

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Gulfpetro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 64.69 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 negative.

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

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