14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EOG.V
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Monday for Eco (Atlantic) Oil & Gas Ltd.
(Updated on Jun 24, 2024)

Sell candidate since Jun 06, 2024 Loss -6.98% PDF

No changes to the price of Eco (Atlantic) Oil & Gas Ltd. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.200 to a day high of $0.200. The price has fallen in 5 of the last 10 days and is down by -11.11% for this period.

The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.202. A reaction back to this level may hold a second chance to get out before further falls.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

EOG.V Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eco (Atlantic) Oil & Gas Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.204 and $0.234. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Eco (Atlantic) Oil & Gas Ltd. stock

Eco (Atlantic) Oil & Gas Ltd. finds support from accumulated volume at $0.195 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.64%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EOG.V) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Eco (Atlantic) Oil & Gas Ltd. to open at $0.200, and during the day (based on 14 day Average True Range), to move between $0.185 and $0.215, which gives a possible trading interval of +/-$0.0149 (+/-7.43%) up or down from last closing price. If Eco (Atlantic) Oil & Gas Ltd. takes out the full calculated possible swing range there will be an estimated 14.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.195 (2.50%) than the resistance at $0.220 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eco (Atlantic) Oil & Gas Ltd. stock A Buy?

The Eco (Atlantic) Oil & Gas Ltd. stock holds several negative signals and despite the positive trend, we believe Eco (Atlantic) Oil & Gas Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.383 Sell Candidate Unchanged

Predicted Opening Price for Eco (Atlantic) Oil & Gas Ltd. of Tuesday, June 25, 2024

Fair opening price June 25, 2024 Current price
$0.200 ( 0.00000000%) $0.200

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EOG.V

Fibonacci Support & Resistance Levels

Level Price
R3 0.200 0.00000000%
R2 0.200 0.00000000%
R1 0.200 0.00000000%
Price 0.200
S1 0.200 0.00000000%
S2 0.200 0.00000000%
S3 0.200 0.00000000%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.240 20.00%
R2 0.235 17.50%
R1 0.220 10.00%
Price 0.200
S1 0.195 -2.50%
S2 0.185 -7.50%
S3 0.165 -17.50%

FAQ

What is the symbol for Eco (Atlantic) Oil & Gas Ltd. Stock and on which exchange is it traded?
The symbol for Eco (Atlantic) Oil & Gas Ltd. is EOG.V and it is traded on the TSXV (Toronto Stock Exchange Ventures).

Should I buy or sell Eco (Atlantic) Oil & Gas Ltd. Stock?
The Eco (Atlantic) Oil & Gas Ltd. stock holds several negative signals and despite the positive trend, we believe Eco (Atlantic) Oil & Gas Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Eco (Atlantic) Oil & Gas Ltd. Stock?
Eco (Atlantic) Oil & Gas Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eco (Atlantic) Oil & Gas Ltd. Stock.

What's the current price of Eco (Atlantic) Oil & Gas Ltd. Stock?
As of the end of day on the Jun 24, 2024, the price of an Eco (Atlantic) Oil & Gas Ltd. (EOG.V) share was $0.200.

What is the 52-week high and low for Eco (Atlantic) Oil & Gas Ltd. Stock?
The 52-week high for Eco (Atlantic) Oil & Gas Ltd. Stock is $0.360 and the 52-week low is $0.130.

What is the market capitalization of Eco (Atlantic) Oil & Gas Ltd. Stock?
As of the Jun 24, 2024, the market capitalization of Eco (Atlantic) Oil & Gas Ltd. is 74.035M.

When is the next earnings date for Eco (Atlantic) Oil & Gas Ltd.?
The upcoming earnings date for Eco (Atlantic) Oil & Gas Ltd. is Jul 29, 2024.
Click to get the best stock tips daily for free!