TRIO PETROLEUM CORP (TPET) Technical Analysis
NYSEARCA:TPET • US89669L2079
Current stock price
0.7398 USD
+0.05 (+7.84%)
At close:
0.7514 USD
+0.01 (+1.57%)
After Hours:
TPET Technical Rating and Analysis
Taking everything into account, TPET scores 0 out of 10 in our technical rating. TPET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 90% of all other stocks performed better in the past year than TPET.
- TPET is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 89% of 209 stocks in the same industry do better.
- TPET is currently trading in the lower part 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.
- In the last month TPET has a been trading in the 0.62 - 2.40 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.
- TPET has an average volume of 43303300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
TPET Weekly and Daily overview Charts
TPET Setup Rating and Analysis
TPET has a poor technical rating and the quality of the setup is also only medium 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
0.44
0.75
We found 2 important support areas.
- Support @0.68 from a horizontal line in the daily time frame.
- Support @0.44 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for TPET is down. |
| ChartMill Relative Strength | 10.65 | NEGATIVE | TPET has a low relative strength, it was outperformed by 89.35% 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) | DOWN | NEGATIVE | The current price of TPET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.36 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TPET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.61 | OVERSOLD | The low Stochastics value suggests TPET may be oversold. |
| Average True Range in percent/ATR (20) | 37.03 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 15.81 | NEGATIVE | The low ADX value for TPET suggests a weak or negative trend. |
TPET Chart- and CandleStick Pattern Analysis
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)
TPET Technicals: Chart, Performance Metrics, Trend & Indicators
0.7398
+0.05 (+7.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.84%
1 Week-7.72%
2 Weeks-30.21%
1 Month-53.47%
3 Month-9.67%
6 Month-32.75%
12 Month-47.53%
2 Year128.26%
3 Year-63.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%37.03%
ATR Inc-44.05%
Range Today0.13
ADR(20)0.22
ADR(20)%30.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.65
3 months CRS27.36
6 months CRS16.69
Mansfield-3.16
10 Day High1.05
10 Day Low0.62
20 Day High2.4
20 Day Low0.62
52 Week High2.5
52 Week Low0.36
CS1 End0.68
CR1 StartN/A
Volume & EV
DER(3)0.52%
DER(5)3.68%
Volume44.21M
Volume Incr-80.41%
Vol(5)19.92M
Vol(50)43.30M
TRIO PETROLEUM CORP / TPET TA FAQ
What is the ChartMill technical rating of TRIO PETROLEUM CORP (TPET) stock?
ChartMill assigns a technical rating of 0 / 10 to TPET.
What is the trend direction for TPET stock?
The current trend direction for TRIO PETROLEUM CORP (TPET) is Bearish.
What is the RSI signal for TPET stock?
TRIO PETROLEUM CORP (TPET) has an RSI value of 44.3625. This indicates that the stock is currently neutral.
What is the MACD signal for TPET stock?
The MACD indicator for TRIO PETROLEUM CORP (TPET) has a value of -0.0649678, indicating a bearish trend.