TRIO PETROLEUM CORP (TPET) Stock Technical Analysis
USA - NYSEARCA:TPET - US89669L2079 - Common Stock
1.04 USD
0 (0%)
1.06 USD
+0.02 (+1.92%)
We assign a technical rating of 2 out of 10 to TPET. Although TPET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
TPET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TPET has a been trading in the 1.00 - 1.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
TPET is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 210 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that TPET is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TPET has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.03, a Stop Loss order could be placed below this zone.
More info and screens
1.02
1.74
When analyzing the support we notice one important area.
- A support zone ranging from 1.03 to 1.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.13 to 1.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.17 from a horizontal line in the weekly time frame.
- Resistance @1.21 from a trend line in the daily time frame.
- Resistance @1.36 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 | DOWN | NEGATIVE | The short term trend for TPET is down. |
| ChartMill Relative Strength | 98.61 | POSITIVE | TPET has a high relative strength, it outperformed 98.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TPET is below 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) | UP | MIXED | The current price of TPET is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.73 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TPET has a negative trend. |
| Stochastics (14,3) | 10.81 | OVERSOLD | The low Stochastics value suggests TPET may be oversold. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 16.22 | 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)
1.04
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-12.6%
2 Weeks-9.57%
1 Month-5.45%
3 Month-15.45%
6 Month-23.53%
12 Month467.69%
2 Year82.46%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.6%
ATR Inc-18.75%
Range Today0.06
ADR(20)0.07
ADR(20)%6.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.61
Mansfield-1.94
10 Day High1.3
10 Day Low1
20 Day High1.3
20 Day Low1
52 Week High4.05
52 Week Low0.1
CS1 End1.03
CR1 Start1.13
Volume & EV
DER(3)-7.85%
DER(5)-8.76%
Volume431.60K
Volume Incr105.45%
Vol(5)248.14K
Vol(50)180.75K