Technical Analysis for BLOE - Block Energy Plc

Grade Last Price % Change Price Change
B 1.78 5.97% 0.10
BLOE closed up 5.97 percent on Wednesday, April 24, 2024, on 4.42 times normal volume. The bulls were able to push the stock to a new 52-week high. 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 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.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
New 52 Week High Strength 0.00%
Parabolic Rise Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%

   Recent Intraday Alerts

Alert Time
5x Volume Pace about 23 hours ago
3x Volume Pace about 23 hours ago
2x Volume Pace about 23 hours ago
1.5x Volume Pace about 23 hours ago
10x Volume Pace about 23 hours ago

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Profile

Block Energy Plc Description

Block Energy plc, formerly Goldcrest Resources plc, is an oil and gas company. The Company’s projects include norio onshore oil field, east kavtiskhevi (block VIII), akoko asheba gold project and Mauritania copper. Norio project is 35 kilometres from the centre of Tbilisi, requiring low capex recompletions of existing wells and new horizontal wells, to existing production. East kavtiskhevi (block VIII), which consist 36.9 MMbbl risked resources in Cretaceous, 4,700 kilometers area and multiple prospective horizons. Asheba project is located at the southern end of the Ashanti belt 15km east of Endeavour Mining's Nzema mine and 30 kilometers south of the world class Tarkwa mine. At Asheba, mineralisation is centered on the old Cheriamen and Atinasi mining sites within multiple parallel steep dipping zones associated with intense silicification, disseminated pyrite and a stockwork of quart veinlets. Mauritania project is an exploration concept.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Gas Mining Oil And Gas Gold Mineral Copper Economic Geology Earth Academic Disciplines Oil Field Mauritania Onshore Oil Vein Petrology

Is BLOE 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 2.0
52 Week Low 0.66
Average Volume 2,596,741
200-Day Moving Average 1.08
50-Day Moving Average 1.05
20-Day Moving Average 1.20
10-Day Moving Average 1.40
Average True Range 0.17
RSI (14) 85.59
ADX 49.2
+DI 40.77
-DI 2.98
Chandelier Exit (Long, 3 ATRs) 1.48
Chandelier Exit (Short, 3 ATRs) 1.37
Upper Bollinger Bands 1.73
Lower Bollinger Band 0.66
Percent B (%b) 1.05
BandWidth 88.74
MACD Line 0.17
MACD Signal Line 0.11
MACD Histogram 0.0655
Fundamentals Value
Market Cap 12.86 Million
Num Shares 725 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio 0.00
Price-to-Sales 1.05
Price-to-Book 0.35
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.22
Resistance 3 (R3) 2.25 2.12 2.15
Resistance 2 (R2) 2.12 2.01 2.11 2.12
Resistance 1 (R1) 1.95 1.94 2.04 1.92 2.10
Pivot Point 1.83 1.83 1.87 1.81 1.83
Support 1 (S1) 1.65 1.71 1.74 1.63 1.45
Support 2 (S2) 1.53 1.64 1.52 1.43
Support 3 (S3) 1.35 1.53 1.40
Support 4 (S4) 1.33