VAALCO ENERGY INC (EGY) Technical Analysis
NYSE:EGY • US91851C2017
Current stock price
EGY Technical Rating and Analysis
Overall EGY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EGY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that EGY is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by EGY over the past year are nicely spread over this period.
- EGY is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. EGY outperforms 75% of them.
- EGY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EGY has a been trading in the 5.08 - 6.69 range, which is quite wide. It is currently trading near the high of this range.
- EGY has an average volume of 1678970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EGY Weekly and Daily overview Charts
EGY Setup Rating and Analysis
Although EGY has an excellent technical rating, the quality of the presented setup is not ideal 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
3.56
We found 3 important support areas.
- A support zone ranging from 5.59 to 5.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.91 from a horizontal line in the daily time frame.
- Support @3.60 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @6.49 from a horizontal line in the weekly time frame.
- Resistance @6.67 from a horizontal line in the daily 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 | 91.43 | POSITIVE | EGY has a high relative strength, it outperformed 91.43% 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) | 60.78 | NEUTRAL | The RSI value for EGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.55 | OVERBOUGHT | The high Stochastics value suggests EGY may be overbought. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for EGY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.29 | NEGATIVE | The low ADX value for EGY suggests a weak or negative trend. |
EGY Chart- and CandleStick Pattern Analysis
EGY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.50 | 5.25 | 1.25 (19.23%) | 5.20% |
| An entry @6.50. This is a Buy Stop order right above the resistance zone. | An exit @5.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.25 points, which is 19.23%. | When investing 5.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EGY Technicals: Chart, Performance Metrics, Trend & Indicators
6.48
-0.09 (-1.37%)
VAALCO ENERGY INC / EGY TA FAQ
What is the technical rating for EGY stock?
ChartMill assigns a technical rating of 10 / 10 to EGY.
Can you provide the trend direction for VAALCO ENERGY INC?
The current trend direction for VAALCO ENERGY INC (EGY) is Bullish.
Can you provide the RSI signal for VAALCO ENERGY INC?
VAALCO ENERGY INC (EGY) has an RSI value of 60.7753. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for VAALCO ENERGY INC?
The buy/sell signal for VAALCO ENERGY INC (EGY) is buy as both the short term and long term trends are positive.
What is the support and resistance level for EGY stock?
VAALCO ENERGY INC (EGY) has a support level at 5.63 and a resistance level at 6.49. Check the full technical report for our detailed analysis of EGY support and resistance levels.