Technical Analysis for ECO - Eco (Atlantic) Oil & Gas Ltd

Grade Last Price % Change Price Change
F 9.70 -1.52% -0.15
ECO closed down 2.48 percent on Wednesday, December 6, 2023, on 9 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
Weak or Absent Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction -1.52%
Stochastic Reached Oversold Weakness -1.52%
Oversold Stochastic Weakness -1.52%
Multiple of Ten Bullish Other -3.96%
Oversold Stochastic Weakness -3.96%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -3.96%
Lower Bollinger Band Walk Weakness -3.96%
Multiple of Ten Bullish Other -3.96%
Inside Day Range Contraction -3.96%
Gapped Down Weakness -3.96%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
1.5x Volume Pace about 4 hours ago
Fell Below Previous Day's Low about 4 hours ago
Down 1% about 4 hours ago
Possible NR7 about 24 hours ago
Fell Below Previous Day's Low 1 day ago

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Profile

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin, the Co-Operative Republic of Guyana; and four offshore petroleum licenses covering 23,000 square kilometers located in the Republic of Namibia. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada.
Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Gas Natural Gas Offshore Petroleum Petroleum Industry Identification Petroleum Geology Mib

Is ECO 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 24.49
52 Week Low 9.2
Average Volume 934,538
200-Day Moving Average 15.66
50-Day Moving Average 10.63
20-Day Moving Average 10.66
10-Day Moving Average 10.17
Average True Range 0.50
RSI (14) 36.71
ADX 16.09
+DI 15.53
-DI 18.19
Chandelier Exit (Long, 3 ATRs) 10.49
Chandelier Exit (Short, 3 ATRs) 11.21
Upper Bollinger Bands 11.77
Lower Bollinger Band 9.55
Percent B (%b) 0.14
BandWidth 20.81
MACD Line -0.31
MACD Signal Line -0.24
MACD Histogram -0.0681
Fundamentals Value
Market Cap 18.19 Million
Num Shares 185 Million
EPS -3.60
Price-to-Earnings (P/E) Ratio -2.74
Price-to-Sales 144.03
Price-to-Book 2.62
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.27
Resistance 3 (R3) 10.27 10.13 10.20
Resistance 2 (R2) 10.13 10.02 10.13 10.18
Resistance 1 (R1) 9.99 9.96 9.92 9.99 10.15
Pivot Point 9.85 9.85 9.82 9.85 9.85
Support 1 (S1) 9.71 9.74 9.64 9.71 9.55
Support 2 (S2) 9.57 9.68 9.57 9.52
Support 3 (S3) 9.43 9.57 9.50
Support 4 (S4) 9.43