Technical Analysis for AOI - Africa Oil Corp.

Grade Last Price % Change Price Change
D 2.560 0.39% 0.010
AOI closed down 1.54 percent on Tuesday, November 28, 2023, on 55 percent of normal volume.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.39%
Bollinger Band Squeeze Range Contraction 0.39%
Fell Below 20 DMA Bearish -1.16%
Bollinger Band Squeeze Range Contraction -1.16%
Crossed Above 20 DMA Bullish -1.92%
Bollinger Band Squeeze Range Contraction -1.92%
Gapped Up Strength -1.92%
Bollinger Band Squeeze Range Contraction -0.39%
Bollinger Band Squeeze Range Contraction 0.79%
Doji - Bullish? Reversal 0.79%

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Alert Time
Gapped Up (Partial) 40 minutes ago
Up 1% 40 minutes ago
Possible Inside Day about 21 hours ago
Possible NR7 about 21 hours ago
10 DMA Resistance about 24 hours ago

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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.


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


Indicator Value
52 Week High 3.34
52 Week Low 2.2692
Average Volume 388,907
200-Day Moving Average 2.864
50-Day Moving Average 2.684
20-Day Moving Average 2.610
10-Day Moving Average 2.595
Average True Range 0.072
RSI (14) 42.53
ADX 20.86
+DI 22.042
-DI 30.811
Chandelier Exit (Long, 3 ATRs) 2.514
Chandelier Exit (Short, 3 ATRs) 2.716
Upper Bollinger Bands 2.687
Lower Bollinger Band 2.533
Percent B (%b) 0.11
BandWidth 5.916
MACD Line -0.030
MACD Signal Line -0.033
MACD Histogram 0.003
Fundamentals Value
Market Cap 1.2 Billion
Num Shares 472 Million
EPS -0.06
Price-to-Earnings (P/E) Ratio -41.80
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) 2.640
Resistance 3 (R3) 2.650 2.630 2.625
Resistance 2 (R2) 2.630 2.607 2.625 2.620
Resistance 1 (R1) 2.590 2.593 2.580 2.580 2.615
Pivot Point 2.570 2.570 2.565 2.565 2.570
Support 1 (S1) 2.530 2.547 2.520 2.520 2.485
Support 2 (S2) 2.510 2.533 2.505 2.480
Support 3 (S3) 2.470 2.510 2.475
Support 4 (S4) 2.460