Technical Analysis for ECO - Eco (Atlantic) Oil & Gas Ltd
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 7.95 | -3.05% | -0.25 |
ECO closed down 3.05 percent on Wednesday, April 17, 2024, on 45 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Lower Bollinger Band Walk | Weakness | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Jack-in-the-Box Bearish | Bearish Swing Setup | -3.05% |
| Alert | Time |
|---|---|
| 3x Volume Pace | about 20 hours ago |
| 2x Volume Pace | about 20 hours ago |
| 1.5x Volume Pace | about 20 hours ago |
| Jack-in-the-Box Bearish Entry | about 20 hours ago |
| Fell Below Previous Day's Low | about 20 hours ago |
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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.
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Gas Natural Gas Offshore Petroleum Petroleum Industry Identification Petroleum Geology Mib
Classification
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Gas Natural Gas Offshore Petroleum Petroleum Industry Identification Petroleum Geology Mib
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 20.5 |
| 52 Week Low | 7.85 |
| Average Volume | 697,800 |
| 200-Day Moving Average | 11.49 |
| 50-Day Moving Average | 9.56 |
| 20-Day Moving Average | 8.85 |
| 10-Day Moving Average | 8.64 |
| Average True Range | 0.42 |
| RSI (14) | 28.57 |
| ADX | 18.32 |
| +DI | 12.82 |
| -DI | 29.73 |
| Chandelier Exit (Long, 3 ATRs) | 8.54 |
| Chandelier Exit (Short, 3 ATRs) | 9.11 |
| Upper Bollinger Bands | 9.76 |
| Lower Bollinger Band | 7.93 |
| Percent B (%b) | 0.01 |
| BandWidth | 20.76 |
| MACD Line | -0.38 |
| MACD Signal Line | -0.33 |
| MACD Histogram | -0.0526 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.25 | ||||
| Resistance 3 (R3) | 8.27 | 8.18 | 8.20 | ||
| Resistance 2 (R2) | 8.18 | 8.11 | 8.18 | 8.18 | |
| Resistance 1 (R1) | 8.07 | 8.06 | 8.03 | 8.05 | 8.17 |
| Pivot Point | 7.98 | 7.98 | 7.96 | 7.98 | 7.98 |
| Support 1 (S1) | 7.87 | 7.91 | 7.83 | 7.85 | 7.73 |
| Support 2 (S2) | 7.78 | 7.86 | 7.78 | 7.72 | |
| Support 3 (S3) | 7.67 | 7.78 | 7.70 | ||
| Support 4 (S4) | 7.65 |
