Technical Analysis for TRCH - Torchlight Energy Resources, Inc.

Grade Last Price % Change Price Change
grade A 1.04 0.97% 0.01
TRCH closed up 0.97 percent on Wednesday, January 16, 2019, on 65 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. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Flat Up Up
See historical TRCH trend table...

Date Alert Name Type % Chg
Jan 16 Crossed Above 200 DMA Bullish 0.00%
Jan 16 1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Jan 16 Boomer Buy Setup Bullish Swing Setup 0.00%
Jan 16 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Jan 16 Calm After Storm Range Contraction 0.00%
Jan 16 NR7 Range Contraction 0.00%
Jan 16 Upper Bollinger Band Walk Strength 0.00%
Jan 16 Wide Bands Range Expansion 0.00%
Jan 16 Overbought Stochastic Strength 0.00%
Jan 15 200 DMA Resistance Bearish 0.97%

Older signals for TRCH ...

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Profile
Torchlight Energy Resources, Inc., an exploration stage company, engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties in the United States. It holds interest in Texas, Oklahoma, and Kansas and targets established plays, such as the Eagle Ford, Hunton, and Maquoketa Dolomite/Viola formations. Torchlight Energy Resources, Inc. was founded in 2010 and is based in Plano, Texas.
Is TRCH a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 1.48
52 Week Low 0.532
Average Volume 163,128
200-Day Moving Average 1.0377
50-Day Moving Average 0.7236
20-Day Moving Average 0.7432
10-Day Moving Average 0.8967
Average True Range 0.1023
ADX 37.73
+DI 28.7518
-DI 7.7513
Chandelier Exit (Long, 3 ATRs ) 0.8331
Chandelier Exit (Short, 3 ATRs ) 0.8389
Upper Bollinger Band 1.1022
Lower Bollinger Band 0.3842
Percent B (%b) 0.91
BandWidth 96.609257
MACD Line 0.093
MACD Signal Line 0.0472
MACD Histogram 0.0458
Fundamentals Value
Market Cap 62.62 Million
Num Shares 60.2 Million
EPS -0.09
Price-to-Earnings (P/E) Ratio -11.56
Price-to-Sales 1085.12
Price-to-Book 7.68
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.15
Resistance 3 (R3) 1.14 1.11 1.13
Resistance 2 (R2) 1.11 1.08 1.11 1.12
Resistance 1 (R1) 1.07 1.06 1.06 1.08 1.12
Pivot Point 1.04 1.04 1.03 1.04 1.04
Support 1 (S1) 1.00 1.01 0.99 1.01 0.96
Support 2 (S2) 0.97 0.99 0.97 0.96
Support 3 (S3) 0.93 0.97 0.95
Support 4 (S4) 0.94