Technical Analysis for FOLGF - Falcon Oil & Gas Ltd

Grade Last Price % Change Price Change
grade C 0.086 3.74% 0.0031
FOLGF closed up 3.74 percent on Friday, May 22, 2020, on 40 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. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
50 DMA Resistance Bearish 3.74%
Crossed Above 20 DMA Bullish 3.74%
50 DMA Resistance Bearish 10.12%
Fell Below 20 DMA Bearish 10.12%
Upper Bollinger Band Touch Strength 10.12%
50 DMA Resistance Bearish 3.61%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 3.61%
Older signals for FOLGF ...

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Profile

Falcon Oil & Gas Ltd. (TSXV:FO) is an international oil & gas company focused on exploration and production in Australia, South Africa and Hungary. Falcon's strategy is to acquire, explore and develop large acreage positions of unconventional and conventional oil and gas resources in major underexplored basins located in politically and economically stable countries, with a high regional demand for energy and existing infrastructure. The Company's distinctive approach is to seek endorsement of its acreage and support for its exploration efforts in partnerships with established international oil & gas companies. Falcon's assets are represented by interests in almost 15 million acres in areas allowing rapid delivery of oil and gas to market.In Australia, Falcon holds 100% interest in four exploration permits covering 7 million acres in the Beetaloo Basin, Northern Territory. Falcon's JV agreement with Hess covers significant seismic costs and an option to drill five wells. In South Africa, Falcon holds 100% interest in a Technical Cooperation Permit covering 7.4 million acres in the Karoo Basin. Falcon has signed a Cooperation agreement with Chevron to seek unconventional exploration opportunities in the Karoo Basin, onshore South Africa. The Karoo Basin is large (236,000 mi2), extending across nearly two-thirds of the country, with the southern portion (70,800 mi2) of the basin potentially favourable for shale gas. A significant portion of Falcon's TCP is located within the prospective area, along the southern boundary. Falcon's acreage in Hungary is adjacent to the giant Algy Field and is transected by existing gas pipelines offering near-term access to local markets.
Energy Oil Oil And Gas Geology Cars Shale Gas Gas Pipelines Gas Oil And Gas Resources

Is FOLGF 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 0.1929
52 Week Low 0.065
Average Volume 308,610
200-Day Moving Average 0.1390
50-Day Moving Average 0.0836
20-Day Moving Average 0.0813
10-Day Moving Average 0.0818
Average True Range 0.0087
ADX 18.74
+DI 12.8819
-DI 13.5425
Chandelier Exit (Long, 3 ATRs ) 0.0639
Chandelier Exit (Short, 3 ATRs ) 0.0992
Upper Bollinger Band 0.0865
Lower Bollinger Band 0.0761
Percent B (%b) 0.95
BandWidth 12.7921
MACD Line -0.0013
MACD Signal Line -0.0023
MACD Histogram 0.001
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.0910
Resistance 3 (R3) 0.0904 0.0882 0.0901
Resistance 2 (R2) 0.0882 0.0869 0.0885 0.0898
Resistance 1 (R1) 0.0871 0.0862 0.0877 0.0877 0.0896
Pivot Point 0.0849 0.0849 0.0852 0.0852 0.0849
Support 1 (S1) 0.0838 0.0836 0.0844 0.0844 0.0824
Support 2 (S2) 0.0816 0.0829 0.0819 0.0822
Support 3 (S3) 0.0805 0.0816 0.0819
Support 4 (S4) 0.0811