Technical Analysis for AOI - Africa Oil Corp.

Grade Last Price % Change Price Change
C 2.370 1.72% 0.040
AOI closed down 1.69 percent on Wednesday, April 24, 2024, on 81 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. 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 ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.72%
NR7 Range Contraction 1.72%
Narrow Range Bar Range Contraction 1.72%
Inside Day Range Contraction 1.72%
Gapped Down Weakness 1.72%
Oversold Stochastic Weakness 1.72%
Bullish Engulfing Bullish 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.16%
Stochastic Reached Oversold Weakness 2.16%

   Recent Intraday Alerts

Alert Time
Up 2% 42 minutes ago
Up 1% 42 minutes ago
Non-ADX 1,2,3,4 Pullback Entry about 2 hours ago
Rose Above Previous Day's High about 2 hours ago
Possible Inside Day about 22 hours ago

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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 368,724
200-Day Moving Average 2.611
50-Day Moving Average 2.290
20-Day Moving Average 2.453
10-Day Moving Average 2.426
Average True Range 0.068
RSI (14) 44.13
ADX 25.16
+DI 16.653
-DI 24.858
Chandelier Exit (Long, 3 ATRs) 2.407
Chandelier Exit (Short, 3 ATRs) 2.493
Upper Bollinger Bands 2.616
Lower Bollinger Band 2.290
Percent B (%b) 0.12
BandWidth 13.290
MACD Line 0.017
MACD Signal Line 0.045
MACD Histogram -0.0281
Fundamentals Value
Market Cap 1.1 Billion
Num Shares 472 Million
EPS -0.06
Price-to-Earnings (P/E) Ratio -38.20
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) 2.375
Resistance 3 (R3) 2.373 2.357 2.368
Resistance 2 (R2) 2.357 2.345 2.358 2.365
Resistance 1 (R1) 2.343 2.338 2.345 2.345 2.362
Pivot Point 2.327 2.327 2.328 2.328 2.327
Support 1 (S1) 2.313 2.315 2.315 2.315 2.298
Support 2 (S2) 2.297 2.308 2.298 2.295
Support 3 (S3) 2.283 2.297 2.293
Support 4 (S4) 2.285