VAALCO ENERGY INC (EGY) Technical Analysis
NYSE:EGY • US91851C2017
Current stock price
EGY Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to EGY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EGY is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- EGY is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 86% of 209 stocks in the same industry.
- A new 52 week high is currently being made by EGY, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so EGY is leading the market.
- In the last month EGY has a been trading in the 5.00 - 6.47 range, which is quite wide. It is currently trading near the high of this range.
- EGY has an average volume of 1554150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, EGY did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EGY Weekly and Daily overview Charts
EGY Setup Rating and Analysis
Although EGY has an excellent technical rating, it does not present a decent entry opportunity 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
EGY Support and Resistance Analysis
3.52
We found 3 important support areas.
- A support zone ranging from 6.01 to 6.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.91 from a horizontal line in the daily time frame.
- Support @3.56 from a trend line in the weekly time frame.
EGY Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for EGY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGY is up. |
| ChartMill Relative Strength | 95.91 | POSITIVE | EGY has a high relative strength, it outperformed 95.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.11 | OVERBOUGHT | The high RSI value suggests EGY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EGY has a positive trend. |
| Stochastics (14,3) | 88.38 | OVERBOUGHT | The high Stochastics value suggests EGY may be overbought. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for EGY suggests some volalility. |
| Average Directional Index/ADX (14) | 27.18 | POSITIVE | The high ADX value value for EGY suggests a strong trend. |
EGY Chart- and CandleStick Pattern Analysis
EGY Technicals: Chart, Performance Metrics, Trend & Indicators
6.44
+0.18 (+2.88%)
VAALCO ENERGY INC / EGY TA FAQ
What is the technical rating for EGY stock?
ChartMill assigns a technical rating of 9 / 10 to EGY.
Can you provide the trend direction for VAALCO ENERGY INC?
The current trend direction for VAALCO ENERGY INC (EGY) is Bullish.
What is the RSI signal for VAALCO ENERGY INC (EGY) stock?
VAALCO ENERGY INC (EGY) has an RSI value of 74.11. This indicates that the stock is currently overbought.
What is the MACD signal for EGY stock?
The MACD indicator for VAALCO ENERGY INC (EGY) has a value of 0.0526852, indicating a bearish trend.
What is the support and resistance level for EGY stock?
VAALCO ENERGY INC (EGY) has a support level at 6.05. Check the full technical report for our detailed analysis of EGY support and resistance levels.