EMERALD OIL INC (EOX) Stock Technical Analysis
NYSEARCA:EOX - NYSE Arca - US29101U4076
We assign a technical rating of 4 out of 10 to EOX. In the past year, EOX 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.
94% of all other stocks performed better in the past year than EOX.
EOX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month EOX has a been trading in the 0.62 - 1.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EOX has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.92
1.48
We found 1 important support area.
- Support @0.93 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.38 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.47 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 | DOWN | NEGATIVE | The long term trend for EOX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EOX is up. |
| ChartMill Relative Strength | 6.61 | NEGATIVE | EOX has a low relative strength, it was outperformed by 93.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EOX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EOX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EOX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.7 | NEUTRAL | The RSI value for EOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EOX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.44 | NEUTRAL | The Stochastics value for EOX is a neutral value. |
| Average True Range in percent/ATR (20) | 14.93 | HIGH VOLATILITY | The high ATR as a percentage value for EOX suggests high volalility. |
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)
NYSEARCA:EOX (3/22/2016, 8:49:34 PM)
1.37
+0.09 (+7.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg7.03%
1 Week8.73%
2 Weeks15.13%
1 Month75.64%
3 Month10.48%
6 Month-30.1%
12 Month-90.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%14.93%
ATR Inc-59.18%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.61
Mansfield-6.22
10 Day High1.44
10 Day Low1.08
20 Day High1.69
20 Day Low0.62
52 Week High18.8
52 Week Low0.39
CS1 End0.93
CR1 Start1.38
Volume & EV
DER(3)-9.25%
DER(5)-10.94%
Volume144.10K
Volume Incr-18.09%
Vol(5)227.38K
Vol(50)209.89K