AFRICA OIL CORP (AOI.CA) Stock Technical Analysis
TSX:AOI - Toronto Stock Exchange - CA00829Q1019 - Common Stock - Currency: CAD
Overall AOI gets a technical rating of 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, AOI is a bad performer in the overall market: 89% of all stocks are doing better.
AOI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 214 stocks in the same industry do better.
AOI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
AOI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
AOI has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.62
2.14
We found 1 important support area.
- A support zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.72 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.92 to 1.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @2.12 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for AOI.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AOI.CA is down. |
| ChartMill Relative Strength | 11.15 | NEGATIVE | AOI.CA has a low relative strength, it was outperformed by 88.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AOI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AOI.CA is below 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) | 35.82 | NEUTRAL | The RSI value for AOI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AOI.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.65 | OVERSOLD | The low Stochastics value suggests AOI.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for AOI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.27 | NEGATIVE | The low ADX value for AOI.CA suggests a weak or negative 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 (7/11/2025, 7:00:00 PM)
1.67
+0.02 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.21%
1 Week1.21%
2 Weeks-3.47%
1 Month-7.22%
3 Month-1.76%
6 Month-20.48%
12 Month-31.84%
2 Year-46.47%
3 Year-29.54%
5 Year50.45%
10 Year-15.66%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%2.66%
ATR Inc52.73%
Range Today0.07
ADR(20)0.04
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.15
Mansfield-1.97
10 Day High1.74
10 Day Low1.63
20 Day High1.87
20 Day Low1.63
52 Week High2.51
52 Week Low1.59
CS1 End1.64
CR1 Start1.72
Volume & EV
DER(3)-0.36%
DER(5)-0.35%
Volume5.91M
Volume Incr294.08%
Vol(5)2.86M
Vol(50)756.00K