VAALCO ENERGY INC (EGY) Stock Technical Analysis
NYSE:EGY - US91851C2017 - Common Stock
3.86 USD
+0.13 (+3.49%)
3.85 USD
-0.01 (-0.26%)
Overall EGY gets a technical rating of 3 out of 10. In the past year, EGY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
82% of all other stocks performed better in the past year than EGY.
EGY is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 69% are performing better than EGY.
EGY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EGY has a been trading in the 3.54 - 3.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EGY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.92. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EGY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.25
4.02
5 important support areas can be observed.
- Support @3.83 from a trend line in the daily time frame.
- A support zone ranging from 3.72 to 3.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.61 to 3.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.52 to 3.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.28 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.92 to 3.98. 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 | DOWN | NEGATIVE | The long term trend for EGY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGY is neutral. |
| ChartMill Relative Strength | 18.27 | NEGATIVE | EGY has a low relative strength, it was outperformed by 81.73% 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) | 57.15 | 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) | 70.25 | NEUTRAL | The Stochastics value for EGY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for EGY suggests some volalility. |
| Average Directional Index/ADX (14) | 8.58 | 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)
3.86
+0.13 (+3.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.49%
1 Week2.66%
2 Weeks8.43%
1 Month0.78%
3 Month20.25%
6 Month-11.26%
12 Month-39.02%
2 Year-6.76%
3 Year-22.95%
5 Year264.15%
10 Year116.85%
15 Year-32.16%
Volatility
ATR(14)0.15
ATR(20)%3.67%
ATR Inc-19.32%
Range Today0.16
ADR(20)0.14
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.27
Mansfield-1.88
10 Day High3.87
10 Day Low3.6
20 Day High3.94
20 Day Low3.54
52 Week High6.66
52 Week Low3
CS1 End3.83
CR1 Start3.92
Volume & EV
DER(3)3.55%
DER(5)4.63%
Volume1.10M
Volume Incr40.58%
Vol(5)1.02M
Vol(50)871.90K