Technical Analysis for AOI - Africa Oil Corp.

Grade Last Price % Change Price Change
C 2.440 3.39% 0.080
AOI closed up 3.39 percent on Friday, May 10, 2024, on 1.31 times normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Earnings Movers Other 0.00%
Gapped Up Strength 0.00%
20 DMA Resistance Bearish 3.39%
Down 3 Days in a Row Weakness 3.39%
Fell Below 20 DMA Bearish 1.67%
Outside Day Range Expansion 1.67%
Gapped Up Strength -0.41%
Shooting Star Candlestick Bearish -1.61%
Crossed Above 20 DMA Bullish -1.61%

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Profile

Africa Oil Corp. Description

Africa Oil Corp. (AOC) is a Canada-based oil and gas exploration and development company. The Company has oil and gas interest in Kenya and Ethiopia. The Company focuses on the acquisition, exploration and development of oil and gas assets, located in under-explored geographic areas, in the early phase of the upstream oil and gas life-cycle. The Company has explored on multiple onshore exploration blocks in various geological settings in East Africa. It has made various oil discoveries in the South Lokichar Basin (Blocks 10BB and 13T) located in the Tertiary Rift trend in Kenya. The Company's appraisal activities include extended well testing, appraisal drilling and engineering studies and sanctioning development of the oil fields in the South Lokichar Basin. Its blocks 10BA, 10BB, 12A, 13T, South Omo, and the Rift Basin Area are located in the East African Tertiary Rift trend. It has interests in Block 9, Block 10BB, Block 12A, Block 13T, Block 10BA, South Omo and Rift Basin Area.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Oil And Gas Drilling Engineering Gas Exploration Oil And Gas Exploration Oil And Gas Assets Oil And Gas Asset Oil And Gas Interest Oil Field Rift Upstream Oil Upstream Oil And Gas East Africa Ethiopia Oil Fields

Is AOI 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 3.2873
52 Week Low 1.9094
Average Volume 342,752
200-Day Moving Average 2.584
50-Day Moving Average 2.349
20-Day Moving Average 2.433
10-Day Moving Average 2.444
Average True Range 0.080
RSI (14) 51.92
ADX 16.04
+DI 20.994
-DI 22.849
Chandelier Exit (Long, 3 ATRs) 2.320
Chandelier Exit (Short, 3 ATRs) 2.540
Upper Bollinger Bands 2.552
Lower Bollinger Band 2.313
Percent B (%b) 0.53
BandWidth 9.809
MACD Line 0.009
MACD Signal Line 0.019
MACD Histogram -0.01
Fundamentals Value
Market Cap 1.15 Billion
Num Shares 472 Million
EPS -0.06
Price-to-Earnings (P/E) Ratio -40.00
Price-to-Sales 0.00
Price-to-Book 0.59
PEG Ratio 1.46
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.545
Resistance 3 (R3) 2.547 2.513 2.528
Resistance 2 (R2) 2.513 2.487 2.513 2.522
Resistance 1 (R1) 2.477 2.470 2.495 2.475 2.516
Pivot Point 2.443 2.443 2.453 2.443 2.443
Support 1 (S1) 2.407 2.417 2.425 2.405 2.364
Support 2 (S2) 2.373 2.400 2.373 2.358
Support 3 (S3) 2.337 2.373 2.353
Support 4 (S4) 2.335