Technical Analysis for TOU - Tourmaline Oil Corp.

Grade Last Price % Change Price Change
B 63.330 1.69% 1.050
TOU closed up 1.69 percent on Thursday, March 28, 2024, on 78 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 20 DMA Bullish 1.69%
Bollinger Band Squeeze Range Contraction 1.69%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 8 hours ago
Up 2% about 9 hours ago
Rose Above Upper Bollinger Band about 10 hours ago
Up 1% about 10 hours ago
Rose Above 200 DMA about 11 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 Crude Oil Gas Exploration 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 72.8846
52 Week Low 51.0108
Average Volume 2,085,833
200-Day Moving Average 62.818
50-Day Moving Average 58.488
20-Day Moving Average 61.004
10-Day Moving Average 61.126
Average True Range 1.408
RSI (14) 65.75
ADX 22.87
+DI 33.247
-DI 15.295
Chandelier Exit (Long, 3 ATRs) 59.527
Chandelier Exit (Short, 3 ATRs) 62.885
Upper Bollinger Bands 63.192
Lower Bollinger Band 58.817
Percent B (%b) 1.03
BandWidth 7.171
MACD Line 0.807
MACD Signal Line 0.702
MACD Histogram 0.105
Fundamentals Value
Market Cap 17.24 Billion
Num Shares 272 Million
EPS 0.19
Price-to-Earnings (P/E) Ratio 340.48
Price-to-Sales 2.43
Price-to-Book 0.65
PEG Ratio 0.24
Dividend 0.56
Dividend Yield 0.88%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 65.963
Resistance 3 (R3) 65.810 64.780 65.524
Resistance 2 (R2) 64.780 64.110 64.856 65.377
Resistance 1 (R1) 64.055 63.695 64.418 64.208 65.231
Pivot Point 63.025 63.025 63.206 63.101 63.025
Support 1 (S1) 62.300 62.355 62.663 62.453 61.429
Support 2 (S2) 61.270 61.940 61.346 61.283
Support 3 (S3) 60.545 61.270 61.136
Support 4 (S4) 60.698