Technical Analysis for 0QVL - Africa Oil Corp.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 19.74 | 4.39% | 0.83 |
0QVL closed up 4.39 percent on Friday, April 26, 2024, on 3.61 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 10
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Extremely Strong | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Boomer Sell Setup | Bearish Swing Setup | 0.00% | |
| Crossed Above 20 DMA | Bullish | 0.00% | |
| Volume Surge | Other | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% |
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Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration/appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada.
Classification
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 27.52 |
| 52 Week Low | 15.5925 |
| Average Volume | 4,434 |
| 200-Day Moving Average | 21.11 |
| 50-Day Moving Average | 17.98 |
| 20-Day Moving Average | 19.07 |
| 10-Day Moving Average | 19.35 |
| Average True Range | 5.02 |
| RSI (14) | 61.69 |
| ADX | 75.05 |
| +DI | 0.13 |
| -DI | 2.64 |
| Chandelier Exit (Long, 3 ATRs) | 8.50 |
| Chandelier Exit (Short, 3 ATRs) | 31.11 |
| Upper Bollinger Bands | 20.62 |
| Lower Bollinger Band | 17.51 |
| Percent B (%b) | 0.71 |
| BandWidth | 16.30 |
| MACD Line | 0.41 |
| MACD Signal Line | 0.48 |
| MACD Histogram | -0.0668 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.46 | ||||
| Resistance 3 (R3) | 26.09 | 24.82 | 24.50 | ||
| Resistance 2 (R2) | 24.82 | 23.36 | 24.50 | 24.19 | |
| Resistance 1 (R1) | 22.28 | 22.46 | 21.64 | 21.64 | 23.87 |
| Pivot Point | 21.01 | 21.01 | 20.69 | 20.69 | 21.01 |
| Support 1 (S1) | 18.46 | 19.55 | 17.83 | 17.83 | 15.60 |
| Support 2 (S2) | 17.19 | 18.65 | 16.87 | 15.28 | |
| Support 3 (S3) | 14.65 | 17.19 | 14.97 | ||
| Support 4 (S4) | 14.01 |
