VAALCO ENERGY INC (EGY) Stock Technical Analysis
USA - NYSE:EGY - US91851C2017 - Common Stock
Taking everything into account, EGY scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EGY was also a bad performer in the overall market in the last year.
Although the technical rating is bad, EGY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.91, a Stop Loss order could be placed below this zone.
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3.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.76 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.68 to 3.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.93 to 3.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.26 to 4.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EGY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGY is neutral. |
| ChartMill Relative Strength | 19.7 | NEGATIVE | EGY has a low relative strength, it was outperformed by 80.3% 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 | MIXED | The current price of EGY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EGY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.46 | NEUTRAL | The RSI value for EGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EGY has a positive trend. |
| Stochastics (14,3) | 57.16 | NEUTRAL | The Stochastics value for EGY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for EGY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.98 | NEGATIVE | The low ADX value for EGY suggests a weak or negative trend. |
3.92
+0.11 (+2.89%)
VAALCO ENERGY INC / EGY FAQ
What is the technical rating for EGY stock?
ChartMill assigns a technical rating of 3 / 10 to EGY.
What is the current trend direction of VAALCO ENERGY INC (EGY) stock?
The current trend direction for VAALCO ENERGY INC (EGY) is Bearish.
What is the RSI signal for VAALCO ENERGY INC (EGY) stock?
VAALCO ENERGY INC (EGY) has an RSI value of 52.4572. This indicates that the stock is currently neutral.
What is the MACD signal for VAALCO ENERGY INC (EGY) stock?
The MACD indicator for VAALCO ENERGY INC (EGY) has a value of 0.0102143, indicating a bearish trend.