Technical Analysis for OILCF - Permex Petroleum Corp

Grade Last Price % Change Price Change
grade F 0.0511 70.33% 0.0211
OILCF closed up 70.33 percent on Monday, September 16, 2019, on 29 percent of normal volume. It ran into resistance at its 50 day moving average. The bulls were able to push the stock to a new 52-week high. 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
Strong N/A Down Down
See historical OILCF trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Gilligan's Island Sell Setup Bearish Swing Setup 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
New Uptrend Bullish 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

Older signals for OILCF ...

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Basic chart:
Profile
Permex Petroleum Corporation engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property that covers an area of 320 acres, as well as the Pittcock South property that covers an area of 498 acres located on the Eastern Shelf of the Midland Basin; Mary Bullard property that covers an area of 241 acres located in Stonewall County; McMurtry property covering an area of 530 net acres located in Young County; Loving property, which covers an area of 980 net acres located on the boundary between Jack and Young Counties in Texas; and Peavy property that covers an areas of 160 acres located in Young County, Texas. It also holds interests in the West Henshaw property, which covers an area of 1,880 acres located in Eddy County, New Mexico; Oxy Yates property that covers an area of 680 acres located in Eddy County; and ODC San Andres & Taylor property located in Gaines County, Texas. The company was incorporated in 2017 and is headquartered in Vancouver, Canada.
Oil And Gas Properties
Is OILCF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 2 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 0.8355
52 Week Low 0.03
Average Volume 7,270
200-Day Moving Average 0.0
50-Day Moving Average 0.0998
20-Day Moving Average 0.0763
10-Day Moving Average 0.0583
Average True Range 0.0681
ADX 34.25
+DI 87.4474
-DI 9.6405
Chandelier Exit (Long, 3 ATRs ) 0.6312
Chandelier Exit (Short, 3 ATRs ) 0.2343
Upper Bollinger Band 0.1234
Lower Bollinger Band 0.0292
Percent B (%b) 0.23
BandWidth 123.460026
MACD Line -0.0175
MACD Signal Line -0.0142
MACD Histogram -0.0033
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.2277
Resistance 3 (R3) 1.3584 1.0970 1.0316
Resistance 2 (R2) 1.0970 0.7973 1.0316 0.9662
Resistance 1 (R1) 0.5740 0.6122 0.4433 0.4433 0.9008
Pivot Point 0.3126 0.3126 0.2472 0.2472 0.3126
Support 1 (S1) -0.2104 0.0129 -0.3411 -0.3411 -0.7986
Support 2 (S2) -0.4718 -0.1722 -0.5372 -0.8640
Support 3 (S3) -0.9948 -0.4718 -0.9294
Support 4 (S4) -1.1255