Technical Analysis for TPET - Trio Petroleum Corp.

Grade Last Price % Change Price Change
F 0.28 2.23% 0.01
TPET closed up 2.23 percent on Wednesday, July 3, 2024, on 23 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) -- so don't be surprised if it goes sideways or bounces.
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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
MACD Bearish Signal Line Cross Bearish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 20 DMA Bearish 2.23%
Stochastic Reached Oversold Weakness 2.23%
Wide Bands Range Expansion 2.23%
Oversold Stochastic Weakness 2.23%
50 DMA Resistance Bearish -5.67%

   Recent Intraday Alerts

Alert Time
Down 3% about 9 hours ago
Up 3% about 9 hours ago
Fell Below Previous Day's Low about 9 hours ago
Down 2 % about 9 hours ago
Down 1% about 9 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 1.64
52 Week Low 0.0801
Average Volume 8,759,781
200-Day Moving Average 0.30
50-Day Moving Average 0.30
20-Day Moving Average 0.29
10-Day Moving Average 0.29
Average True Range 0.04
RSI (14) 47.92
ADX 26.35
+DI 32.93
-DI 20.40
Chandelier Exit (Long, 3 ATRs) 0.40
Chandelier Exit (Short, 3 ATRs) 0.33
Upper Bollinger Bands 0.35
Lower Bollinger Band 0.23
Percent B (%b) 0.44
BandWidth 41.88
MACD Line 0.00
MACD Signal Line 0.00
MACD Histogram -0.0006
Fundamentals Value
Market Cap 8.91 Million
Num Shares 31.9 Million
EPS -0.20
Price-to-Earnings (P/E) Ratio -1.40
Price-to-Sales 0.00
Price-to-Book 0.43
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.31
Resistance 3 (R3) 0.31 0.29 0.30
Resistance 2 (R2) 0.29 0.29 0.30 0.30
Resistance 1 (R1) 0.29 0.28 0.29 0.29 0.30
Pivot Point 0.28 0.28 0.28 0.28 0.28
Support 1 (S1) 0.27 0.27 0.27 0.27 0.26
Support 2 (S2) 0.26 0.26 0.26 0.26
Support 3 (S3) 0.25 0.26 0.26
Support 4 (S4) 0.25