Technical Analysis for AXL - Arrow Exploration Corp

Grade Last Price % Change Price Change
C 23.25 5.68% 1.25
AXL closed up 5.68 percent on Friday, April 26, 2024, on 37.19 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Hammer Candlestick Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Multiple of Ten Bullish Other 0.00%

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Profile

Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. As of December 31, 2020, it holds interests in six oil blocks in Colombia that covers an area of approximately 227,005 net acres; and oil and natural gas leases in seven areas in Canada covering an area of approximately 46,550 net acres. The company is headquartered in Calgary, Canada.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Oil And Gas Oil And Gas Properties Energy In The United States Oil And Gas Law Oil And Gas Law In The United States Property Law In The United States United States Contract Law

Is AXL 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 46.1
52 Week Low 16.5
Average Volume 3,326,038
200-Day Moving Average 19.69
50-Day Moving Average 23.15
20-Day Moving Average 22.07
10-Day Moving Average 22.15
Average True Range 1.35
RSI (14) 55.16
ADX 21.14
+DI 15.47
-DI 32.65
Chandelier Exit (Long, 3 ATRs) 21.96
Chandelier Exit (Short, 3 ATRs) 22.54
Upper Bollinger Bands 23.40
Lower Bollinger Band 20.74
Percent B (%b) 0.94
BandWidth 12.09
MACD Line -0.27
MACD Signal Line -0.32
MACD Histogram 0.0463
Fundamentals Value
Market Cap 66.46 Million
Num Shares 286 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 775.00
Price-to-Sales 1.28
Price-to-Book 1.52
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.60
Resistance 3 (R3) 29.83 26.62 29.38
Resistance 2 (R2) 26.62 24.74 27.00 28.97
Resistance 1 (R1) 24.93 23.59 25.78 25.70 28.56
Pivot Point 21.72 21.72 22.14 22.10 21.72
Support 1 (S1) 20.03 19.84 20.88 20.80 17.94
Support 2 (S2) 16.82 18.69 17.20 17.53
Support 3 (S3) 15.13 16.82 17.13
Support 4 (S4) 15.90