Technical Analysis for TPET - Trio Petroleum Corp.

Grade Last Price % Change Price Change
F 1.16 -5.69% -0.07
TPET closed down 7.52 percent on Wednesday, November 20, 2024, on 1.49 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish -5.69%
Calm After Storm Range Contraction -5.69%
Lower Bollinger Band Walk Weakness -5.69%
New 52 Week Low Weakness -5.69%
Wide Bands Range Expansion -5.69%
Below Lower BB Weakness -5.69%
Down 3 Days in a Row Weakness -5.69%
Down 4 Days in a Row Weakness -5.69%
Down 5 Days in a Row Weakness -5.69%
Lower Bollinger Band Touch Weakness -5.69%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 1 hour ago
Rose Above Lower Bollinger Band about 3 hours ago
1.5x Volume Pace about 3 hours ago
Down 5% about 3 hours ago
Down 3% about 3 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 Well Drilling Oil Exploration 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 14.392
52 Week Low 1.1943
Average Volume 201,600
200-Day Moving Average 4.35
50-Day Moving Average 3.18
20-Day Moving Average 2.50
10-Day Moving Average 2.03
Average True Range 0.32
RSI (14) 2.91
ADX 39.59
+DI 1.61
-DI 45.66
Chandelier Exit (Long, 3 ATRs) 2.42
Chandelier Exit (Short, 3 ATRs) 2.16
Upper Bollinger Bands 3.76
Lower Bollinger Band 1.24
Percent B (%b) -0.01
BandWidth 100.51
MACD Line -0.53
MACD Signal Line -0.40
MACD Histogram -0.1286
Fundamentals Value
Market Cap 39.23 Million
Num Shares 31.9 Million
EPS -0.20
Price-to-Earnings (P/E) Ratio -6.15
Price-to-Sales 0.00
Price-to-Book 0.43
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.49
Resistance 3 (R3) 1.51 1.44 1.45
Resistance 2 (R2) 1.44 1.37 1.43 1.43
Resistance 1 (R1) 1.33 1.33 1.30 1.32 1.42
Pivot Point 1.26 1.26 1.25 1.26 1.26
Support 1 (S1) 1.16 1.20 1.12 1.14 1.04
Support 2 (S2) 1.09 1.16 1.08 1.03
Support 3 (S3) 0.98 1.09 1.01
Support 4 (S4) 0.97