AFRICA OIL CORP (AOI.ST) Stock Technical Analysis
STO:AOI - Nasdaq Stockholm AB - CA00829Q1019 - Common Stock - Currency: SEK
Taking everything into account, AOI scores 1 out of 10 in our technical rating. AOI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, AOI is a bad performer in the overall market: 85% of all stocks are doing 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 12.26 - 13.47 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, AOI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.16, a Stop Loss order could be placed below this zone.
More info and screens
12.48
15.08
2 important support areas can be observed.
- A support zone ranging from 12.87 to 13.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.61 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.20 to 13.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.94 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.33 to 14.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.82 to 14.93. This zone is formed by a combination of multiple trend lines 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.ST is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AOI.ST is neutral. |
| ChartMill Relative Strength | 15.57 | NEGATIVE | AOI.ST has a low relative strength, it was outperformed by 84.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AOI.ST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AOI.ST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AOI.ST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.07 | NEUTRAL | The RSI value for AOI.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests AOI.ST has a positive trend. |
| Stochastics (14,3) | 63.9 | NEUTRAL | The Stochastics value for AOI.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for AOI.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for AOI.ST 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)
STO:AOI (5/16/2025, 5:24:56 PM)
13.19
+0.02 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week3.13%
2 Weeks1.7%
1 Month9.19%
3 Month-10.15%
6 Month-10.33%
12 Month-29.12%
2 Year-41.97%
3 Year-36.31%
5 Year82.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.53%
ATR Inc36.43%
Range Today0.3
ADR(20)0.26
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.57
Mansfield-1.72
10 Day High13.48
10 Day Low12.48
20 Day High13.48
20 Day Low12.26
52 Week High19.89
52 Week Low11.26
CS1 End13.16
CR1 Start13.2
Volume & EV
DER(3)-7.59%
DER(5)-7.32%
Volume155.06K
Volume Incr2.27%
Vol(5)138.37K
Vol(50)150.22K