EGY - Vaalco Energy Inc

Industry: Independent Oil & Gas Sector: Basic Materials Exchange: NYSE

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE -0.41%
PRICE $2.40
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Vaalco Energy Inc Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Sell candidate since 2018-10-17 Gain 0.42%
Shorts 1.40% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta 0.78
ROA 13.72

Vaalco Energy Inc fell by -0.41% in the last day from $2.41 to $2.40 The price has fallen in 6 of the last 10 days and is down by -6.25% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -127 644 shares and in total 113 224 shares bought and sold for approximately $271 738.00.

Trend

Vaalco Energy Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.29% during the next 3 months and, with 90% probability hold a price between $1.62 and $2.31 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday October 17, 2018, which indicates further gains 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. Vaalco Energy Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $2.42 and $2.45. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A buy signal from a double bottom formation was found on Wednesday October 17, 2018 and based on theory for this formation the price should go up by 0.17% to $2.57 within 3 trading days since signal was issued (Monday October 22, 2018).

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Vaalco Energy Inc finds support from accumulated volume at $2.38.

Support: $2.38 Price: $2.40 Resistance: $2.59

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 $0.11 between high and low, or 4.60%. For the last week the stock has had a daily average volatility of 5.83%.

Vaalco Energy Inc is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Vaalco Energy Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate

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EGY $2.40 $-0.01(-0.41%)
EGY is down $0.01 today, but where's it headed in November?
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