CGX ENERGY INC (OYL.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:OYL • CA1254055066
We assign a technical rating of 7 out of 10 to OYL. OYL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- OYL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OYL is lagging the market slightly.
- In the last month OYL has a been trading in the 0.14 - 0.18 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, OYL turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- OYL is part of the Oil, Gas & Consumable Fuels industry. There are 216 other stocks in this industry, OYL did better than 55% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OYL has an excellent technical rating, the quality of the presented setup is not ideal 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
0.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.13 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.17 to 0.17. 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 | UP | POSITIVE | The long term trend for OYL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OYL.CA is up. |
| ChartMill Relative Strength | 52.04 | NEUTRAL | OYL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OYL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OYL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OYL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.25 | NEUTRAL | The RSI value for OYL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OYL.CA has a positive trend. |
| Stochastics (14,3) | 80.56 | OVERBOUGHT | The high Stochastics value suggests OYL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for OYL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.42 | POSITIVE | The high ADX value value for OYL.CA suggests a strong trend. |
TSX-V:OYL (2/3/2026, 7:00:00 PM)
0.165
-0.01 (-2.94%)
CGX ENERGY INC / OYL.CA FAQ
Can you provide the ChartMill technical rating for CGX ENERGY INC?
ChartMill assigns a technical rating of 7 / 10 to OYL.CA.
What is the trend direction for OYL stock?
The current trend direction for CGX ENERGY INC (OYL.CA) is Bullish.
What is the RSI signal for CGX ENERGY INC (OYL.CA) stock?
CGX ENERGY INC (OYL.CA) has an RSI value of 61.2504. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CGX ENERGY INC?
The short term momentum for CGX ENERGY INC (OYL.CA) is positive.
What is the buy/sell signal for CGX ENERGY INC (OYL.CA) stock?
The buy/sell signal for CGX ENERGY INC (OYL.CA) is buy as both the short term and long term trends are positive.