Technical Analysis for MVN - Madalena Energy Inc.

Grade Last Price % Change Price Change
grade F 0.08 -5.88% -0.005
MVN closed down 5.88 percent on Tuesday, October 29, 2019, on 65 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MVN trend table...

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
180 Bearish Setup Bearish Swing Setup -5.88%

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Madalena Energy Inc. is a Canada-based upstream oil and gas company. The Company is engaged primarily in the exploration and development of oil and gas. The Company's segments include Canada and Argentina. Its operations are located in Western Canada in the Greater Paddle River area of west-central Alberta, where the Company holds approximately 170 gross sections of land encompassing light oil and liquids-rich gas plays. The Company's domestic focus is to exploit its inventory of horizontal drilling locations on its Ostracod oil and other oil and liquids-rich gas plays. The Company holds approximately 950,000 net acres in over four provinces of Argentina where it is focused on the delineation of shale and unconventional resources in the Vaca Muerta shale, Lower Agrio shale and Loma Montosa oil plays. The Company is also focused on implementing horizontal drilling and completions technology to develop conventional and resource plays, for light oil and liquids-rich gas.
Oil Oil And Gas Petroleum Mesozoic Unconventional Oil Shale Gas By Country Light Oil Upstream Oil And Gas Americas Petrogas Liquids Rich Gas

Is MVN 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 0.21
52 Week Low 0.08
Average Volume 171,834
200-Day Moving Average 0.134
50-Day Moving Average 0.112
20-Day Moving Average 0.094
10-Day Moving Average 0.091
Average True Range 0.007
ADX 13.96
+DI 29.651
-DI 35.288
Chandelier Exit (Long, 3 ATRs ) 0.086
Chandelier Exit (Short, 3 ATRs ) 0.100
Upper Bollinger Band 0.105
Lower Bollinger Band 0.083
Percent B (%b) -0.16
BandWidth 22.577
MACD Line -0.007
MACD Signal Line -0.007
MACD Histogram -0.0002
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.080
Resistance 3 (R3) 0.080 0.080 0.080
Resistance 2 (R2) 0.080 0.080 0.080 0.080
Resistance 1 (R1) 0.080 0.080 0.080 0.080 0.080
Pivot Point 0.080 0.080 0.080 0.080 0.080
Support 1 (S1) 0.080 0.080 0.080 0.080 0.080
Support 2 (S2) 0.080 0.080 0.080 0.080
Support 3 (S3) 0.080 0.080 0.080
Support 4 (S4) 0.080