TRIO PETROLEUM CORP (TPET) Stock Technical Analysis
NYSEARCA:TPET - NYSE Arca - US89669L2079 - Common Stock - Currency: USD
Overall TPET gets a technical rating of 3 out of 10. In the last year, TPET was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
TPET is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month TPET has a been trading in the 1.17 - 1.52 range, which is quite wide. It is currently trading near the lows of this range.
TPET is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. TPET outperforms 98% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, TPET did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TPET does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.31. Right above this resistance zone may be a good entry point.
More info and screens
1.16
1.39
When analyzing the support we can see 3 important areas.
- Support @1.21 from a horizontal line in the weekly time frame.
- Support @1.19 from a horizontal line in the daily time frame.
- Support @1.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.38 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.44
Mansfield5.78
10 Day High1.33
10 Day Low1.17
20 Day High1.52
20 Day Low1.17
52 Week High4.05
52 Week Low0.1
Performance
1 Week-6.15%
2 Weeks-0.41%
1 Month-19.21%
3 Month-30.68%
6 Month767.71%
12 Month231.34%
2 Year-11.6%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)43.3
LBB1.17
UBB1.33
1.22
-0.06 (-4.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.69%
1 Week-6.15%
2 Weeks-0.41%
1 Month-19.21%
3 Month-30.68%
6 Month767.71%
12 Month231.34%
2 Year-11.6%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%9.35%
ATR Inc22.37%
Range Today0.08
ADR(20)0.11
ADR(20)%9.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.44
Mansfield5.78
10 Day High1.33
10 Day Low1.17
20 Day High1.52
20 Day Low1.17
52 Week High4.05
52 Week Low0.1
CS1 End1.21
CR1 Start1.31
Volume & EV
DER(3)-0.71%
DER(5)-7.29%
Volume72.30K
Volume Incr-22.11%
Vol(5)127.66K
Vol(50)206.68K