Previous Hold Today COPL.L ranks #3172 as HOLD CANDIDATE. Next Hold
Today COPL.L ranks #3172 as HOLD CANDIDATE.

COPL.L stock Canadian Overseas Petroleum Ltd

COPL.L stock
Canadian Overseas Petroleum Ltd

April 24, 2019
Change 52.17%
Chart period: 2019-01-25 - 2019-04-24





Will COPL.L stock price go up or down on Thu, 25 Apr 2019?

Canadian Overseas Petroleum Ltd Forecast and Stock Analysis

Technical COPL.L stock analysis for April 24, 2019.

Hold candidate since 2019-04-24

Canadian Overseas Petroleum Ltd gained 52.17% in the last trading day, rising from £0.09 to £0.14 The price has fallen in 7 of the last 10 days , but is still up by 12% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 632.32 million more shares were traded than the day before. In total, 706.09 million shares bought and sold for approximately £98.85 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the COPL.L stock was £0.14. This is 52.17% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 69.44% from a day low at £0.09 to a day high of £0.15.

30 day high of the COPL.L stock price was £0.15 and low was £0.09.
90 day high was £0.30 and low was £0.09.
52 week high for the Canadian Overseas Petroleum Ltd - £0.86 and low - £0.09.


Canadian Overseas Petroleum Ltd has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is £0.13, a level that may pose a second chance to hit a runner. According to fan-theory £0.20 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Canadian Overseas Petroleum Ltd holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £0.14. On a fall, the stock will find some support from the short-term average at £0.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £0.13 and £0.12.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Canadian Overseas Petroleum Ltd finds support just below today's level at £0.13. If this is broken, then the next support from accumulated volume will be at £0.12 and £0.12.

Support: £0.13 Price: £0.14 Resistance: £0.14


This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.06 between high and low, or 69.44%. For the last week, the stock has had a daily average volatility of 18.18%.

Our recommended stoploss: £0.13 (-5.34%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Canadian Overseas Petroleum Ltd holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today COPL.L ranks #3172 as HOLD CANDIDATE. Next Hold
Today COPL.L ranks #3172 as HOLD CANDIDATE.