TRIO PETROLEUM CORP (TPET) Stock Technical Analysis
USA - NYSEARCA:TPET - US89669L2079 - Common Stock
1.05 USD
+0.09 (+9.39%)
1.0309 USD
-0.02 (-1.82%)
Overall TPET gets a technical rating of 0 out of 10. TPET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TPET is a bad performer in the overall market: 87% of all stocks are doing better.
TPET is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 80% are performing better than TPET.
TPET 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.
In the last month TPET has a been trading in the 0.91 - 1.37 range, which is quite wide. It is currently trading near the lows of this range.
TPET has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.94
1.74
We found 1 important support area.
- Support @0.95 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- Resistance @1.05 from a trend line in the daily time frame.
- A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.17 from a horizontal line in the weekly time frame.
- Resistance @1.25 from a trend line in the weekly time frame.
- Resistance @1.72 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 TPET is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPET is neutral. |
| ChartMill Relative Strength | 13.12 | NEGATIVE | TPET has a low relative strength, it was outperformed by 86.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TPET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TPET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TPET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.49 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TPET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.34 | OVERSOLD | The low Stochastics value suggests TPET may be oversold. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 18.19 | NEGATIVE | The low ADX value for TPET suggests a weak or negative 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)
1.05
+0.09 (+9.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg9.39%
1 Week5%
2 Weeks-0.94%
1 Month-1.41%
3 Month-8.7%
6 Month-11.76%
12 Month-33.59%
2 Year230.19%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.75%
ATR Inc1.51%
Range Today0.13
ADR(20)0.08
ADR(20)%7.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.12
3 months CRS19.52
6 months CRS17.35
Mansfield-2.58
10 Day High1.1
10 Day Low0.91
20 Day High1.37
20 Day Low0.91
52 Week High4.05
52 Week Low0.79
CS1 End0.95
CR1 Start1.05
Volume & EV
DER(3)-4.8%
DER(5)-5.34%
Volume352.60K
Volume Incr-44.09%
Vol(5)409.40K
Vol(50)443.15K
TRIO PETROLEUM CORP / TPET FAQ
What is the ChartMill technical rating of TRIO PETROLEUM CORP (TPET) stock?
ChartMill assigns a technical rating of 0 / 10 to TPET.
Can you provide the trend direction for TRIO PETROLEUM CORP?
The current trend direction for TRIO PETROLEUM CORP (TPET) is Bearish.
Can you provide the RSI signal for TRIO PETROLEUM CORP?
TRIO PETROLEUM CORP (TPET) has an RSI value of 51.4857. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TRIO PETROLEUM CORP?
The short term momentum for TRIO PETROLEUM CORP (TPET) is neutral.