Technical Analysis for TOU - Tourmaline Oil Corp.

Grade Last Price % Change Price Change
D 62.060 -1.05% -0.660
TOU closed down 1.05 percent on Thursday, December 7, 2023, on approximately normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Expansion Breakdown Bearish Swing Setup -1.05%
Below Lower BB Weakness -1.05%

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Alert Time
Down 1% about 4 hours ago
200 DMA Support about 8 hours ago
Fell Below 200 DMA about 8 hours ago
Fell Below Previous Day's Low about 9 hours ago
1.5x Volume Pace about 9 hours ago

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Profile

Tourmaline Oil Corp. Description

Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin. Its core areas include Alberta Deep Basin, Sunrise/Dawson/Sundown north east British Columbia (NEBC) Montney and Peace River High Regional Charlie Lake. The Company has ownership interests in approximately nine natural gas plants in the Alberta Deep Basin, including the Wild River 14-20, the Hinton 6-32, the Minehead 15-12, the Anderson 1-9, the Musreau 8-13, the Edson 4-17 and the Ansell 1-34. The Peace River High in NEBC is focused on liquids rich natural gas in the Triassic Montney formation. In the Sunrise/Dawson complex in NEBC, the Company has drilled approximately 170 Montney multi-stage fracture-stimulated horizontal natural gas wells.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Oil Natural Gas Media Petroleum Dow Gas Exploration Crude Oil Liquids Gas Properties Western Canadian Sedimentary Basin Natural Gas Properties Natural Gas Exploration Dawson Peace River Gas Wells Liquids Rich Natural Gas Early Triassic Gas Plants

Is TOU 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 74.21
52 Week Low 49.3816
Average Volume 1,979,084
200-Day Moving Average 62.235
50-Day Moving Average 68.378
20-Day Moving Average 66.015
10-Day Moving Average 64.879
Average True Range 1.296
RSI (14) 21.26
ADX 32.01
+DI 9.898
-DI 32.708
Chandelier Exit (Long, 3 ATRs) 66.113
Chandelier Exit (Short, 3 ATRs) 65.777
Upper Bollinger Bands 69.197
Lower Bollinger Band 62.833
Percent B (%b) -0.12
BandWidth 9.640
MACD Line -1.568
MACD Signal Line -1.210
MACD Histogram -0.3587
Fundamentals Value
Market Cap 16.9 Billion
Num Shares 272 Million
EPS 0.19
Price-to-Earnings (P/E) Ratio 333.66
Price-to-Sales 2.43
Price-to-Book 0.65
PEG Ratio 0.24
Dividend 0.56
Dividend Yield 0.90%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 64.100
Resistance 3 (R3) 64.270 63.760 63.760
Resistance 2 (R2) 63.760 63.240 63.675 63.647
Resistance 1 (R1) 62.910 62.920 62.655 62.740 63.533
Pivot Point 62.400 62.400 62.273 62.315 62.400
Support 1 (S1) 61.550 61.880 61.295 61.380 60.587
Support 2 (S2) 61.040 61.560 60.955 60.473
Support 3 (S3) 60.190 61.040 60.360
Support 4 (S4) 60.020