TRIO PETROLEUM CORP (TPET) Stock Technical Analysis
NYSEARCA:TPET - NYSE Arca - US89669L2079 - Common Stock - Currency: USD
Taking everything into account, TPET scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month TPET has a been trading in the 1.36 - 2.04 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.
Looking at the yearly performance, TPET did better than 99% of all other stocks.
TPET is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 100% of 211 stocks in the same industry.
TPET has an average volume of 6328880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
TPET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TPET is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although TPET has an excellent technical rating, it does not present a decent entry opportunity 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
1.37
1.40
When analyzing the support we notice one important area.
- A support zone ranging from 1.38 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.71
Mansfield13.52
10 Day High1.84
10 Day Low1.36
20 Day High2.04
20 Day Low1.36
52 Week High4.05
52 Week Low0.08
Performance
1 Week-12.03%
2 Weeks-21.47%
1 Month-30.85%
3 Month3.73%
6 Month494.27%
12 Month951.44%
2 YearN/A
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)-0.05
RSI(14)42.48
LBB1.4
UBB1.9
1.39
-0.09 (-6.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-6.08%
1 Week-12.03%
2 Weeks-21.47%
1 Month-30.85%
3 Month3.73%
6 Month494.27%
12 Month951.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%13.92%
ATR Inc8.74%
Range Today0.16
ADR(20)0.19
ADR(20)%13.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.71
Mansfield13.52
10 Day High1.84
10 Day Low1.36
20 Day High2.04
20 Day Low1.36
52 Week High4.05
52 Week Low0.08
CS1 End1.38
CR1 StartN/A
Volume & EV
DER(3)-10.78%
DER(5)-7.36%
Volume688.30K
Volume Incr-84.72%
Vol(5)546.44K
Vol(50)6.33M