Technical Analysis for TAO - TAG Oil Ltd.

Grade Last Price % Change Price Change
B 0.600 1.69% 0.010
TAO closed up 1.69 percent on Friday, April 26, 2024, on approximately 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 uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Reached Overbought Strength 1.69%
Overbought Stochastic Strength 1.69%
Gapped Down Weakness 1.69%
Gapped Up Strength 1.69%
Inside Day Range Contraction 9.09%
Gapped Up Strength 9.09%
Bearish Engulfing Bearish 13.21%
Wide Range Bar Range Expansion 13.21%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 5 hours ago
Down 1% about 9 hours ago
Up 1% about 9 hours ago
1.5x Volume Pace about 9 hours ago
Rose Above Previous Day's High 1 day ago

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Profile

TAG Oil Ltd. Description

TAG Oil Ltd. (TAG) is an oil and gas producer and explorer with operations and production infrastructure in the Taranaki Basin of New Zealand. The Company's property, Taranaki Basin, is an oil, gas and condensate rich area located on the North Island of New Zealand. The Taranaki Basin covers an area of approximately 100,000 square kilometers. Within the Taranaki Basin, the Company holds various working interests, including approximately 100% interest in the Cheal PMP 38156 and the Sidewinder PMP 53803 mining permits; approximately 100% interest in PEP 55769 (Sidewinder East) and PEP 57065 (Sidewinder North) exploration permits; approximately 100% interest in PEP 57063 (Waiiti) exploration permit; over 70% interest in the Cheal North East PEP 54877 exploration permit; approximately 50% interest in the Cheal South PEP 54879 exploration permit, and over 70% interest in PEP 51153 (Puka) exploration permit.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Mining Oil Oil And Gas Infrastructure New Zealand Oil And Gas Producer Zealandia

Is TAO 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 0.75
52 Week Low 0.34
Average Volume 166,451
200-Day Moving Average 0.506
50-Day Moving Average 0.499
20-Day Moving Average 0.537
10-Day Moving Average 0.563
Average True Range 0.030
RSI (14) 66.56
ADX 35.46
+DI 24.615
-DI 9.562
Chandelier Exit (Long, 3 ATRs) 0.510
Chandelier Exit (Short, 3 ATRs) 0.555
Upper Bollinger Bands 0.618
Lower Bollinger Band 0.457
Percent B (%b) 0.89
BandWidth 29.810
MACD Line 0.029
MACD Signal Line 0.025
MACD Histogram 0.004
Fundamentals Value
Market Cap 55 Million
Num Shares 91.7 Million
EPS 0.08
Price-to-Earnings (P/E) Ratio 7.50
Price-to-Sales 2.56
Price-to-Book 0.67
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.630
Resistance 3 (R3) 0.627 0.613 0.625
Resistance 2 (R2) 0.613 0.606 0.615 0.623
Resistance 1 (R1) 0.607 0.601 0.610 0.610 0.622
Pivot Point 0.593 0.593 0.595 0.595 0.593
Support 1 (S1) 0.587 0.586 0.590 0.590 0.578
Support 2 (S2) 0.573 0.581 0.575 0.577
Support 3 (S3) 0.567 0.573 0.575
Support 4 (S4) 0.570