VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

COPL.L Forecast and Technical Stock Analysis

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Hold candidate since 2019-07-19

No changes to the price of Canadian Overseas Petroleum Ltd in the last trading day ( Friday, 19th Jul 2019 ). During the day the stock fluctuated 7.69% from a day low at £0.00 to a day high of £0.00. The price has fallen in 5 of the last 10 days and is down by -23.53% for this period.

Quick summary:

  • 30 day high of the COPL.L stock price was £0.00 and low was £0.00.
  • 90 day high was £0.00 and low was £0.00.
  • 52 week high for Canadian Overseas Petroleum Ltd - £0.32 and low - £0.00.
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Trend

Canadian Overseas Petroleum Ltd is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Canadian Overseas Petroleum Ltd with a 90% probability to be traded between £0.00 and £0.00 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Canadian Overseas Petroleum Ltd holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £0.00. On a fall, the stock will find some support from the long-term average at approximately £0.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. 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.

A sell signal from a double top formation was found on Wednesday July 17, 2019 and based on theory for this formation the price should fall by -0.00% to £0.00 within 3 trading days since signal was issued (Monday July 22, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 85 ]

RSI14 is 53 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £0.00 and £0.00.

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 £0.00. If this is broken, then the next support from accumulated volume will be at £0.00 and £0.00.

Support: £0.00 Price: £0.00 Resistance: £0.00

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 7.69%. For the last week the stock has had a daily average volatility of 9.87%.

Our recommended stop-loss: £0.00 (-8.14%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 day(s) ago.)

9.87 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

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 further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Will COPL.L stock price go up or down on Tue, 23 Jul 2019?

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