Technical Analysis for AVN - Avanti Energy Inc.

Grade Last Price % Change Price Change
F 0.390 -1.27% -0.005
AVN closed up 2.6 percent on Wednesday, April 17, 2024, on 2.67 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. 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.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Hammer Candlestick Bullish -1.27%
Lizard Bullish Bullish Day Trade Setup -1.27%
Pocket Pivot Bullish Swing Setup -1.27%
Doji - Bullish? Reversal -1.27%
Gapped Up Strength -1.27%
Oversold Stochastic Weakness -1.27%
Stochastic Reached Oversold Weakness 1.30%
Down 3 Days in a Row Weakness 1.30%
Oversold Stochastic Weakness 1.30%
MACD Bearish Signal Line Cross Bearish -2.50%

   Recent Intraday Alerts

Alert Time
3x Volume Pace about 2 hours ago
2x Volume Pace about 2 hours ago
Down 3% about 3 hours ago
1.5x Volume Pace about 3 hours ago
Down 2% about 4 hours ago

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Profile

Avanti Energy Inc. Description

Avanti Energy Inc. is a Canada-based resource company. The Company is an oil and gas company. The Company is engaged in the business of acquiring, developing, exploring and evaluating oil and gas properties. It operates through the segment of acquisition, exploration, and evaluation of exploration and evaluation assets and production of oil and gas properties. The Company, through its subsidiary company, CMI Energia S.p.A. (CMI), is focused on the development of its approximately 80 billion cubic feet (Bcf) of proven and probable gas reserves in Central Italy. CMI is an oil and gas exploration and development company. CMI owns working interest in approximately 35.72 square kilometers exclusive exploration permit. The Company, through Lucana Idrocarburi Srl (Lucana), is evaluating the acquisition of other proven reserves in Italy with a focus on the Basilicata Region and surrounding regions. The Company operates in the United States and Italy.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Oil And Gas Gas Exploration Gas Properties Oil And Gas Exploration Oil And Gas Properties Gas Reserves

Is AVN 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 0.79
52 Week Low 0.36
Average Volume 102,789
200-Day Moving Average 0.497
50-Day Moving Average 0.435
20-Day Moving Average 0.411
10-Day Moving Average 0.416
Average True Range 0.025
RSI (14) 43.82
ADX 16.15
+DI 18.620
-DI 20.958
Chandelier Exit (Long, 3 ATRs) 0.394
Chandelier Exit (Short, 3 ATRs) 0.451
Upper Bollinger Bands 0.450
Lower Bollinger Band 0.372
Percent B (%b) 0.3
BandWidth 19.133
MACD Line -0.008
MACD Signal Line -0.006
MACD Histogram -0.0019
Fundamentals Value
Market Cap 4.16 Million
Num Shares 10.5 Million
EPS -0.35
Price-to-Earnings (P/E) Ratio -1.13
Price-to-Sales 0.00
Price-to-Book 17.88
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.425
Resistance 3 (R3) 0.422 0.408 0.420
Resistance 2 (R2) 0.408 0.401 0.410 0.418
Resistance 1 (R1) 0.402 0.396 0.405 0.405 0.417
Pivot Point 0.388 0.388 0.390 0.390 0.388
Support 1 (S1) 0.382 0.381 0.385 0.385 0.373
Support 2 (S2) 0.368 0.376 0.370 0.372
Support 3 (S3) 0.362 0.368 0.370
Support 4 (S4) 0.365