XLON:COPL
Delisted

Canadian Overseas Petroleum Ltd Stock Forecast

£0.0035
-0.0005 (-12.50%)
At Close: Sep 01, 2020

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Canadian Overseas Petroleum Ltd stock price took a fall of -12.50% on Tuesday
(Updated on Sep 01, 2020)

Buy or Hold candidate since Apr 30, 2020 Gain 483.33% PDF

The Canadian Overseas Petroleum Ltd stock price fell by -12.50% on the last day (Tuesday, 1st Sep 2020) from £0.0040 to £0.0035. During the last trading day the stock fluctuated 0% from a day low at £0.0035 to a day high of £0.0035. The price has risen in 4 of the last 10 days and is up by 775% over the past 2 weeks. Volume has increased on the last day by 818 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 111 million shares were bought and sold for approximately £388.57 thousand.

The stock 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 stock with a 90% probability to be traded between £0.0032 and £0.0041 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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COPL.L Signals & Forecast

The Canadian Overseas Petroleum Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.0028 and £0.0009. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Canadian Overseas Petroleum Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Canadian Overseas Petroleum Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0031. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 0%.

Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)

Trading Expectations (COPL.L) For The Upcoming Trading Day Of Wednesday 2nd

Since the stock is closer to the resistance from accumulated volume at £0.0039 (11.43%) than the support at £0.0031 (11.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Canadian Overseas Petroleum Ltd stock A Buy?

Canadian Overseas Petroleum Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Canadian Overseas Petroleum Ltd of Wednesday, September 2, 2020

Fair opening price September 2, 2020 Current price
£0.0035 ( 0%) £0.0035

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

Trading levels for COPL.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0035 .
R2 0.0035 .
R1 0.0035 .
Current price: 0.0035
Support S1 0.0035 .
S2 0.0035 .
S3 0.0035 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.0040 14.29 %
R1 0.0039 11.43 %
Current price 0.0035
Support S1 0.0031 -11.43%
S2 0 .
S3 0 .

FAQ

What is the symbol for Canadian Overseas Petroleum Ltd Stock and on which exchange is it traded?
The symbol for Canadian Overseas Petroleum Ltd is COPL.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Canadian Overseas Petroleum Ltd Stock?
Canadian Overseas Petroleum Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Canadian Overseas Petroleum Ltd Stock?
Canadian Overseas Petroleum 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 Canadian Overseas Petroleum Ltd Stock.

What's the current price of Canadian Overseas Petroleum Ltd Stock?
As of the end of day on the 2020-09-01, the price of an Canadian Overseas Petroleum Ltd (COPL.L) share was £0.0035.

What is the 52-week high and low for Canadian Overseas Petroleum Ltd Stock?
The 52-week high for Canadian Overseas Petroleum Ltd Stock is £0.0045 and the 52-week low is £0.0003.

What is the market capitalization of Canadian Overseas Petroleum Ltd Stock?
As of the 2020-09-01, the market capitalization of Canadian Overseas Petroleum Ltd is 2.895M.
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About Canadian Overseas Petroleum Ltd

Canadian Overseas Petroleum Ltd Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. Its Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The company was formerly known as Velo Energy Inc. and chan... COPL.L Profile

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