Technical Analysis for TPET - Trio Petroleum Corp.

Grade Last Price % Change Price Change
F 0.12 -3.67% 0.00
TPET closed down 3.67 percent on Friday, November 1, 2024, on 1.37 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. 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
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 23 hours ago
1.5x Volume Pace about 23 hours ago
Down 5% about 23 hours ago
Down 3% about 23 hours ago
Fell Below Lower Bollinger Band about 23 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 0.7196
52 Week Low 0.0801
Average Volume 3,251,147
200-Day Moving Average 0.22
50-Day Moving Average 0.18
20-Day Moving Average 0.15
10-Day Moving Average 0.14
Average True Range 0.01
RSI (14) 29.58
ADX 19.98
+DI 14.21
-DI 29.69
Chandelier Exit (Long, 3 ATRs) 0.16
Chandelier Exit (Short, 3 ATRs) 0.15
Upper Bollinger Bands 0.18
Lower Bollinger Band 0.12
Percent B (%b) 0.06
BandWidth 39.87
MACD Line -0.01
MACD Signal Line -0.01
MACD Histogram -0.0011
Fundamentals Value
Market Cap 3.93 Million
Num Shares 31.9 Million
EPS -0.20
Price-to-Earnings (P/E) Ratio -0.62
Price-to-Sales 0.00
Price-to-Book 0.43
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.15
Resistance 3 (R3) 0.15 0.13 0.14
Resistance 2 (R2) 0.13 0.13 0.14 0.14
Resistance 1 (R1) 0.13 0.12 0.12 0.13 0.14
Pivot Point 0.12 0.12 0.12 0.12 0.12
Support 1 (S1) 0.11 0.11 0.11 0.12 0.11
Support 2 (S2) 0.10 0.11 0.10 0.10
Support 3 (S3) 0.10 0.10 0.10
Support 4 (S4) 0.10