Technical Analysis for TPET - Trio Petroleum Corp.

Grade Last Price % Change Price Change
D 1.45 5.84% 0.08
TPET closed up 5.84 percent on Friday, June 2, 2023, on 12 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 5.84%
Doji - Bullish? Reversal 5.84%
New 52 Week Low Weakness 5.84%

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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

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 3.0
52 Week Low 1.35
Average Volume 221,630
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 1.71
10-Day Moving Average 1.48
Average True Range 0.20
RSI (14) 33.33
ADX 16.2
+DI 10.38
-DI 19.03
Chandelier Exit (Long, 3 ATRs) 1.74
Chandelier Exit (Short, 3 ATRs) 1.96
Upper Bollinger Bands 2.20
Lower Bollinger Band 1.22
Percent B (%b) 0.24
BandWidth 57.41
MACD Line -0.21
MACD Signal Line -0.20
MACD Histogram -0.0168
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.57
Resistance 3 (R3) 1.56 1.50 1.55
Resistance 2 (R2) 1.50 1.47 1.51 1.54
Resistance 1 (R1) 1.48 1.45 1.49 1.49 1.54
Pivot Point 1.42 1.42 1.43 1.43 1.42
Support 1 (S1) 1.40 1.39 1.41 1.41 1.36
Support 2 (S2) 1.34 1.37 1.35 1.36
Support 3 (S3) 1.32 1.34 1.35
Support 4 (S4) 1.33