Technical Analysis for AOI - Africa Oil Corp.

Grade Last Price % Change Price Change
grade B 1.16 4.50% 0.050
AOI closed up 4.5 percent on Tuesday, August 4, 2020, on approximately normal volume. It was able to find support at its 50 day moving average. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
Earnings due: Aug 13
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Up Up
Historical AOI trend table...

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Bullish Engulfing Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Outside Day Range Expansion 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

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.
Geology Oil And Gas Exploration Oil And Gas Assets 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 1.66
52 Week Low 0.71
Average Volume 65,632
200-Day Moving Average 1.155
50-Day Moving Average 1.101
20-Day Moving Average 1.100
10-Day Moving Average 1.127
Average True Range 0.032
ADX 13.67
+DI 27.081
-DI 14.337
Chandelier Exit (Long, 3 ATRs ) 1.075
Chandelier Exit (Short, 3 ATRs ) 1.125
Upper Bollinger Band 1.164
Lower Bollinger Band 1.036
Percent B (%b) 0.97
BandWidth 11.564
MACD Line 0.012
MACD Signal Line 0.007
MACD Histogram 0.0042
Fundamentals Value
Market Cap 529.68 Million
Num Shares 457 Million
EPS -0.04
Price-to-Earnings (P/E) Ratio -29.00
Price-to-Sales 0.00
Price-to-Book 0.70
PEG Ratio 1.51
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.280
Resistance 3 (R3) 1.270 1.220 1.260
Resistance 2 (R2) 1.220 1.189 1.225 1.253
Resistance 1 (R1) 1.190 1.171 1.205 1.200 1.247
Pivot Point 1.140 1.140 1.148 1.145 1.140
Support 1 (S1) 1.110 1.109 1.125 1.120 1.073
Support 2 (S2) 1.060 1.091 1.065 1.067
Support 3 (S3) 1.030 1.060 1.060
Support 4 (S4) 1.040