TRIO PETROLEUM CORP (TPET) Technical Analysis
NYSEARCA:TPET • US89669L2079
Current stock price
TPET Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to TPET. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than TPET.
- TPET is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 92% are performing better than TPET.
- TPET is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TPET has a been trading in the 0.45 - 0.96 range, which is quite wide. It is currently trading near the lows of this range.
- TPET has an average volume of 45706700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 not perfect 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
0.45
When analyzing the support we can see 2 important areas.
- Support @0.46 from a trend line in the daily time frame.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.58 from a horizontal line in the daily 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 | 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 | 4.55 | NEGATIVE | TPET has a low relative strength, it was outperformed by 95.45% 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) | UP | MIXED | The current price of TPET is below the rising 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) | 41.67 | NEUTRAL | The RSI value for TPET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TPET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.78 | OVERSOLD | The low Stochastics value suggests TPET may be oversold. |
| Average True Range in percent/ATR (20) | 20.33 | HIGH VOLATILITY | The high ATR as a percentage value for TPET suggests high volalility. |
| Average Directional Index/ADX (14) | 14.43 | NEGATIVE | The low ADX value for TPET suggests a weak or negative trend. |
TPET Chart- and CandleStick Pattern Analysis
TPET Technicals: Chart, Performance Metrics, Trend & Indicators
0.5189
-0.06 (-10.27%)
TRIO PETROLEUM CORP / TPET TA 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.
What is the RSI signal for TPET stock?
TRIO PETROLEUM CORP (TPET) has an RSI value of 41.6681. 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 -0.00151863, indicating a bearish trend.
Can you provide the buy/sell signal for TRIO PETROLEUM CORP?
The buy/sell signal for TRIO PETROLEUM CORP (TPET) is sell as both the short term and long term trends are negative.