TRIO PETROLEUM CORP (TPET) Stock Technical Analysis
NYSEARCA:TPET - NYSE Arca - US89669L2079 - Common Stock - Currency: USD
Taking everything into account, TPET scores 6 out of 10 in our technical rating. In the past year, TPET was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TPET is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 99% of 213 stocks in the same industry.
In the last month TPET has a been trading in the 1.07 - 1.90 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.
TPET has an average volume of 1105280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TPET did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TPET 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 TPET is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TPET has an average technical rating and it also 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
1.10
1.54
We found 2 important support areas.
- Support @1.18 from a trend line in the weekly time frame.
- Support @1.11 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.43 from a horizontal line in the weekly time frame.
- Resistance @1.52 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 | NEUTRAL | NEUTRAL | The long term trend for TPET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPET is up. |
| ChartMill Relative Strength | 98.92 | POSITIVE | TPET has a high relative strength, it outperformed 98.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TPET is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TPET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.09 | NEUTRAL | The Stochastics value for TPET is a neutral value. |
| Average True Range in percent/ATR (20) | 12.39 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for TPET suggests a strong 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)
1.41
-0.1 (-6.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-6.62%
1 Week7.63%
2 Weeks27.03%
1 Month20.51%
3 Month3.68%
6 Month27.03%
12 Month354.84%
2 Year-15.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%12.39%
ATR Inc217.23%
Range Today0.5
ADR(20)0.17
ADR(20)%12.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.92
Mansfield5.02
10 Day High1.9
10 Day Low1.07
20 Day High1.9
20 Day Low1.07
52 Week High4.05
52 Week Low0.1
CS1 End1.18
CR1 Start1.43
Volume & EV
DER(3)-1.41%
DER(5)-2.11%
Volume11.92M
Volume Incr1874.37%
Vol(5)8.62M
Vol(50)1.11M