VAALCO ENERGY INC (EGY) Stock Technical Analysis
NYSE:EGY - New York Stock Exchange, Inc. - US91851C2017 - Common Stock - Currency: USD
Overall EGY gets a technical rating of 5 out of 10. 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.
86% of all other stocks performed better in the past year than EGY.
EGY is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 80% of 213 stocks in the same industry do better.
EGY 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 EGY is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month EGY has a been trading in the 3.14 - 4.04 range, which is quite wide. It is currently trading near the high of this range.
EGY has an average technical rating and also the quality of the setup is only medium 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
3.07
4.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.76 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.85 from a horizontal line in the weekly time frame.
- Resistance @3.96 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 | NEUTRAL | NEUTRAL | The long term trend for EGY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGY is up. |
| ChartMill Relative Strength | 14.38 | NEGATIVE | EGY has a low relative strength, it was outperformed by 85.62% 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) | DOWN | NEGATIVE | The current price of EGY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for EGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.55 | OVERBOUGHT | The high Stochastics value suggests EGY may be overbought. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for EGY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.09 | POSITIVE | The high ADX value value for EGY suggests a strong 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)
3.83
-0.09 (-2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.3%
1 Week2.13%
2 Weeks13.99%
1 Month16.41%
3 Month-1.79%
6 Month-11.14%
12 Month-39.4%
2 Year1.86%
3 Year-44.81%
5 Year208.87%
10 Year78.97%
15 Year-31.61%
Volatility
ATR(14)0.16
ATR(20)%3.73%
ATR Inc-10.09%
Range Today0.15
ADR(20)0.13
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.38
Mansfield-2.43
10 Day High4.04
10 Day Low3.4
20 Day High4.04
20 Day Low3.14
52 Week High7.43
52 Week Low3
CS1 End3.82
CR1 Start3.85
Volume & EV
DER(3)4.82%
DER(5)0.91%
Volume882.10K
Volume Incr-2.1%
Vol(5)1.06M
Vol(50)946.33K