Permex Petroleum Corporation (OIL.CA) Stock Technical Analysis
CNSX:OIL - Canadian Securities Exchange -
Overall OIL gets a technical rating of 8 out of 10. Both in the recent history as in the last year, OIL has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that OIL is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
OIL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OIL is lagging the market slightly.
In the last month OIL has a been trading in the 0.09 - 0.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although OIL has an excellent technical rating, it does not offer a high 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
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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 OIL.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OIL.CA is neutral. |
| ChartMill Relative Strength | 88.04 | POSITIVE | OIL.CA has a high relative strength, it outperformed 88.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OIL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OIL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OIL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.75 | NEUTRAL | The RSI value for OIL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OIL.CA has a positive trend. |
| Stochastics (14,3) | 60.26 | NEUTRAL | The Stochastics value for OIL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.69 | HIGH VOLATILITY | The high ATR as a percentage value for OIL.CA 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)
CNSX:OIL (4/8/2021, 8:32:29 PM)
0.13
+0.03 (+23.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg23.81%
1 Week23.81%
2 Weeks30%
1 Month23.81%
3 Month188.89%
6 Month188.89%
12 Month160%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%12.69%
ATR Inc33.33%
Range Today0.04
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
CRS88.04
Mansfield6.37
10 Day High0.13
10 Day Low0.09
20 Day High0.15
20 Day Low0.09
52 Week High0.19
52 Week Low0.04
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)19.72%
DER(5)-3.08%
Volume514.90K
Volume Incr-21.44%
Vol(5)202.36K
Vol(50)235.52K