CGX ENERGY INC (OYL.CA) Stock Technical Analysis
Canada - TSX-V:OYL - CA1254055066 - Common Stock
We assign a technical rating of 7 out of 10 to OYL. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, OYL is a bad performer.
OYL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.17. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for OYL 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
0.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.14 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines 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 | 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 | 15.12 | NEGATIVE | OYL.CA has a low relative strength, it was outperformed by 84.88% off all stocks 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) | 52.48 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for OYL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.24 | HIGH VOLATILITY | The high ATR as a percentage value for OYL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.68 | POSITIVE | The high ADX value value for OYL.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.18 | 0.15 | 0.03 (16.67%) | 6.00% |
| An entry @0.18. This is a Buy Stop order right above the resistance zone. | An exit @0.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 16.67%. | For a 1.00% total portfolio risk, you can invest 6.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:OYL (10/27/2025, 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.
Can you provide the trend direction for CGX ENERGY INC?
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 52.4795. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CGX ENERGY INC?
The MACD indicator for CGX ENERGY INC (OYL.CA) has a value of 0.00111441, indicating a bearish trend.
What are the support and resistance levels for CGX ENERGY INC (OYL.CA) stock?
CGX ENERGY INC (OYL.CA) has a support level at 0.16 and a resistance level at 0.17. Check the full technical report for our detailed analysis of OYL.CA support and resistance levels.