AFRICA OIL CORP (AOI.CA) Stock Technical Analysis
TSX:AOI - Toronto Stock Exchange - CA00829Q1019 - Common Stock - Currency: CAD
We assign a technical rating of 1 out of 10 to AOI. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
86% 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. 71% of 209 stocks in the same industry do better.
AOI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AOI is lagging the market.
In the last month AOI has a been trading in the 1.77 - 1.97 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, AOI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.77
2.14
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.85 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.02 from a trend line 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 | 14.99 | NEGATIVE | AOI.CA has a low relative strength, it was outperformed by 85.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AOI.CA is below the rising 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) | 41.5 | NEUTRAL | The RSI value for AOI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AOI.CA has a negative trend. |
| Stochastics (14,3) | 11.67 | OVERSOLD | The low Stochastics value suggests AOI.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for AOI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.88 | 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 (6/5/2025, 7:00:00 PM)
1.79
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-3.24%
2 Weeks-4.79%
1 Month0.56%
3 Month-5.79%
6 Month-5.79%
12 Month-27.24%
2 Year-36.52%
3 Year-13.11%
5 Year67.29%
10 Year-20.8%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%3.28%
ATR Inc-33.33%
Range Today0.03
ADR(20)0.05
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.99
Mansfield-1.29
10 Day High1.97
10 Day Low1.77
20 Day High1.97
20 Day Low1.77
52 Week High2.6
52 Week Low1.59
CS1 EndN/A
CR1 Start1.85
Volume & EV
DER(3)-2.05%
DER(5)-1.53%
Volume138.12K
Volume Incr117.89%
Vol(5)612.61K
Vol(50)473.92K