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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 2024-10-31 View latest technical analysis

10 day averaged volume of Cont Petro is 3739

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	89.99	89.30	93.32	89.25	2.086 times
30 Wed Oct 2024	93.64	94.70	94.70	88.05	0.399 times
29 Tue Oct 2024	90.64	89.00	97.30	89.00	0.158 times
28 Mon Oct 2024	90.98	87.30	93.80	87.30	1.167 times
25 Fri Oct 2024	87.86	90.00	93.75	87.15	1.411 times
24 Thu Oct 2024	90.48	92.70	97.49	88.11	1.752 times
23 Wed Oct 2024	95.26	96.90	97.50	92.70	0.755 times
22 Tue Oct 2024	93.64	95.80	97.40	92.33	0.821 times
21 Mon Oct 2024	95.87	99.90	100.45	95.40	1.945 times
18 Fri Oct 2024	96.00	98.70	98.70	94.25	0.77 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 trade for tomorrow is selective. Take a sell trade only if stock stays below 91.5, but if it comes above 91.5, then a intra day buy could be more profitable.
If you take a sell trade below 91.5, then use 91.5 as stoploss and 87 as target. However if you take a buy trade in stock , then use 91.5 as stoploss and 95.27 as target.

Share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Target	66.00
Downside Target	79.05
Downside Target	81.65
Downside Target	87.15
Upside Target	91.64
Upside Target	97.30
Upside Target	100.45
Upside Target	102.87
Upside Target	104.80
Upside Target	104.90
Upside Target	107.90

Intraday share price targets for Cont Petro (ContPetro)

Target Type	Value
Downside Intraday Target	85.76
Downside Intraday Target	81.53
Upside Intraday Target	95.76
Upside Intraday Target	101.53
Upside Intraday Target	91.53

Weekly technical analysis of Cont Petro (ContPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	89.99	87.30	97.30	87.30	0.57 times
25 Fri Oct 2024	87.86	99.90	100.45	87.15	0.875 times
18 Fri Oct 2024	96.00	104.80	104.80	94.25	1.621 times
11 Fri Oct 2024	100.43	100.44	104.90	92.80	0.504 times
03 Thu Oct 2024	96.63	102.40	102.87	95.70	0.979 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
31 Thu Oct 2024	89.99	98.99	104.90	87.15	0.255 times
30 Mon Sep 2024	98.70	93.30	107.90	91.64	0.794 times
30 Fri Aug 2024	88.96	83.50	95.19	79.05	3.122 times
31 Wed Jul 2024	75.91	79.46	79.46	67.00	1.125 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 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.

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 Weak and stock is gaining 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 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 BUY signal in short term but buying is losing 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 92.09 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 negative.

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