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.
Although the technical rating is bad, TPET does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.83, a Stop Loss order could be placed below this zone.
More info and screens
0.73
3 important support areas can be observed.
- A support zone ranging from 0.82 to 0.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.78 from a trend line in the weekly time frame.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @0.92 from a horizontal line in the daily time frame.
- Resistance @1.13 from a trend line in the weekly 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 | 8.58 | NEGATIVE | TPET has a low relative strength, it was outperformed by 91.42% 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) | 50.61 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TPET has a positive trend. |
| Stochastics (14,3) | 72.7 | NEUTRAL | The Stochastics value for TPET is a neutral value. |
| Average True Range in percent/ATR (20) | 9.8 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 14.21 | NEGATIVE | The low ADX value for TPET suggests a weak or negative trend. |
0.85
-0.03 (-2.86%)
TRIO PETROLEUM CORP / TPET FAQ
What is the ChartMill technical rating of TRIO PETROLEUM CORP (TPET) stock?
ChartMill assigns a technical rating of 1 / 10 to TPET.
What is the trend direction for TPET stock?
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 50.6138. This indicates that the stock is currently neutral.
What is the MACD signal for TRIO PETROLEUM CORP (TPET) stock?
The MACD indicator for TRIO PETROLEUM CORP (TPET) has a value of 0.0103979, indicating a bearish trend.
What is the short term momentum for TRIO PETROLEUM CORP (TPET) stock?
The short term momentum for TRIO PETROLEUM CORP (TPET) is neutral.