AFRICA OIL CORP (AOI.CA) Stock Technical Analysis
TSX:AOI - CA00829Q1019 - Common Stock
1.78 CAD
-0.04 (-2.2%)
Overall AOI gets a technical rating of 2 out of 10. AOI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
84% of all other stocks performed better in the past year than AOI.
AOI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 67% of 215 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AOI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
AOI has an average volume of 1010200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AOI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AOI is lagging the market.
AOI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 1.77, a Stop Loss order could be placed below this zone.
More info and screens
1.61
1.96
We found 3 important support areas.
- A support zone ranging from 1.73 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.67 from a horizontal line in the daily time frame.
- A support zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @1.80 from a trend line in the daily time frame.
- A resistance zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.94 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AOI.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AOI.CA is up. |
| ChartMill Relative Strength | 16.27 | NEGATIVE | AOI.CA has a low relative strength, it was outperformed by 83.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AOI.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AOI.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AOI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.8 | NEUTRAL | The RSI value for AOI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AOI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for AOI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for AOI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for AOI.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:AOI (8/29/2025, 7:00:00 PM)
1.78
-0.04 (-2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.2%
1 Week-2.2%
2 Weeks3.49%
1 Month0%
3 Month-1.11%
6 Month-7.29%
12 Month-13.59%
2 Year-45.23%
3 Year-30.74%
5 Year63.3%
10 Year-13.17%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%2.64%
ATR Inc-19.42%
Range Today0.03
ADR(20)0.04
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.27
Mansfield-1.27
10 Day High1.86
10 Day Low1.68
20 Day High1.86
20 Day Low1.65
52 Week High2.18
52 Week Low1.59
CS1 End1.77
CR1 Start1.8
Volume & EV
DER(3)-2.17%
DER(5)-1.59%
Volume311.99K
Volume Incr-23.86%
Vol(5)509.43K
Vol(50)1.01M