Taking everything into account, TPET scores 0 out of 10 in our technical rating. 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 technical rating of TPET is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.82
When analyzing the resistance we notice 4 important areas.
- Resistance @0.99 from a trend line in the daily time frame.
- Resistance @1.13 from a horizontal line in the daily time frame.
- Resistance @1.24 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 | 11.98 | NEGATIVE | TPET has a low relative strength, it was outperformed by 88.02% 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) | 31.92 | 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) | 6.9 | OVERSOLD | The low Stochastics value suggests TPET may be oversold. |
| Average True Range in percent/ATR (20) | 8.12 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 15.88 | NEGATIVE | The low ADX value for TPET suggests a weak or negative trend. |
0.8305
-0.02 (-2.71%)
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 31.9172. 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 negative.
What is the buy/sell signal for TPET stock?
The buy/sell signal for TRIO PETROLEUM CORP (TPET) is sell as both the short term and long term trends are negative.