VAALCO ENERGY INC (EGY) Stock Technical Analysis
NYSE:EGY - New York Stock Exchange, Inc. - US91851C2017 - Common Stock - Currency: USD
Taking everything into account, EGY scores 0 out of 10 in our technical rating. EGY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than EGY.
EGY is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 82% are performing better than EGY.
EGY is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EGY is lagging the market.
In the last month EGY has a been trading in the 3.14 - 3.88 range, which is quite wide. It is currently trading near the lows of this range.
EGY has an average volume of 1046020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
The technical rating of EGY is bad and it also does not present a quality setup 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
3.14
3.80
We can see 3 important resistance areas.
- A resistance zone ranging from 3.46 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.62 from a trend line in the daily time frame.
- Resistance @3.76 from a trend 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 | DOWN | NEGATIVE | The long term trend for EGY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGY is down. |
| ChartMill Relative Strength | 9.5 | NEGATIVE | EGY has a low relative strength, it was outperformed by 90.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGY is below a declining 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) | 39.86 | NEUTRAL | The RSI value for EGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EGY has a negative trend. |
| Stochastics (14,3) | 12.16 | OVERSOLD | The low Stochastics value suggests EGY may be oversold. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for EGY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.97 | NEGATIVE | The low ADX value for EGY 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)
3.17
-0.1 (-3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.06%
1 Week-2.76%
2 Weeks-9.94%
1 Month-6.21%
3 Month-20.75%
6 Month-38.09%
12 Month-50.31%
2 Year-17.88%
3 Year-58.62%
5 Year219.59%
10 Year42.15%
15 Year-40.64%
Volatility
ATR(14)0.14
ATR(20)%4.56%
ATR Inc-35.21%
Range Today0.07
ADR(20)0.13
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.5
Mansfield-3.89
10 Day High3.57
10 Day Low3.14
20 Day High3.88
20 Day Low3.14
52 Week High7.43
52 Week Low3
CS1 EndN/A
CR1 Start3.46
Volume & EV
DER(3)1.82%
DER(5)1.48%
Volume3.52M
Volume Incr89.23%
Vol(5)1.54M
Vol(50)1.05M