TRIO PETROLEUM CORP (TPET) Technical Analysis
NYSEARCA:TPET • US89669L2079
Current stock price
TPET Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to TPET. TPET has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- 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 part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. TPET outperforms 79% of them.
- TPET has an average volume of 37608900 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 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- 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.
- In the last month TPET has a been trading in the 0.35 - 2.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
TPET Weekly and Daily overview Charts
TPET Setup Rating and Analysis
Although TPET has an excellent technical rating, it 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
TPET Support and Resistance Analysis
1.46
We found 1 important support area.
- Support @1.47 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.53 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
TPET Technical Indicator Signal Analysis
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 | 92.73 | POSITIVE | TPET has a high relative strength, it outperformed 92.73% 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) | UP | POSITIVE | The current price of TPET is above the rising 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) | 57.34 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TPET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.58 | NEUTRAL | The Stochastics value for TPET is a neutral value. |
| Average True Range in percent/ATR (20) | 26.79 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 34.15 | POSITIVE | The high ADX value value for TPET suggests a strong trend. |
TPET Chart- and CandleStick Pattern Analysis
TPET Technicals: Chart, Performance Metrics, Trend & Indicators
1.52
-0.25 (-14.12%)
TRIO PETROLEUM CORP / TPET TA FAQ
What is the ChartMill technical rating of TRIO PETROLEUM CORP (TPET) stock?
ChartMill assigns a technical rating of 8 / 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 57.3439. 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 0.0799757, 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 positive.