Technical Analysis for TPET - Trio Petroleum Corp.

Grade Last Price % Change Price Change
D 0.35 -3.10% -0.01
TPET closed down 3.1 percent on Wednesday, May 8, 2024, on 8 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Fell Below 20 DMA Bearish -3.10%
Fell Below 200 DMA Bearish -3.10%
Narrow Range Bar Range Contraction -3.10%
Wide Bands Range Expansion -3.10%
Shooting Star Candlestick Bearish -11.39%
Crossed Above 200 DMA Bullish -11.39%
Wide Bands Range Expansion -11.39%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
Rose Above 10 DMA about 9 hours ago
Possible NR7 about 9 hours ago
10 DMA Resistance about 13 hours ago
Down 5% about 13 hours ago

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Profile

Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California. The Company has a large, approximately 8,600-acre asset called the “South Salinas Project Asset” where it owns an 85.75% working interest. Trio’s immediate plans are to commence drilling of its development well named HV-1 followed by drilling a second well named HV-2. Previous operations on this asset have successfully drilled two (2) producing wells. Trio has permits in place to drill and produce these wells.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Wells Oil And Gas Exploration Oil Exploration Well Drilling Hydrocarbon Exploration

Is TPET a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.35
52 Week Low 0.0801
Average Volume 25,580,898
200-Day Moving Average 0.37
50-Day Moving Average 0.22
20-Day Moving Average 0.38
10-Day Moving Average 0.36
Average True Range 0.07
RSI (14) 53.49
ADX 37.34
+DI 34.44
-DI 18.08
Chandelier Exit (Long, 3 ATRs) 0.51
Chandelier Exit (Short, 3 ATRs) 0.33
Upper Bollinger Bands 0.54
Lower Bollinger Band 0.22
Percent B (%b) 0.4
BandWidth 84.44
MACD Line 0.04
MACD Signal Line 0.05
MACD Histogram -0.0098
Fundamentals Value
Market Cap 11.16 Million
Num Shares 31.9 Million
EPS -0.20
Price-to-Earnings (P/E) Ratio -1.75
Price-to-Sales 0.00
Price-to-Book 0.43
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.38
Resistance 3 (R3) 0.38 0.37 0.38
Resistance 2 (R2) 0.37 0.36 0.37 0.38
Resistance 1 (R1) 0.36 0.36 0.36 0.36 0.37
Pivot Point 0.35 0.35 0.35 0.35 0.35
Support 1 (S1) 0.34 0.34 0.33 0.34 0.33
Support 2 (S2) 0.33 0.34 0.33 0.32
Support 3 (S3) 0.32 0.33 0.32
Support 4 (S4) 0.32