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EGY - Vaalco Energy Inc

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

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -10.69%
PRICE $2.59
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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Vaalco Energy Inc Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-04-16 Gain 177.30%

Vaalco Energy Inc fell by -10.69% in the last day from $2.90 to $2.59 The price has risen in 8 of the last 10 days and is up by 13.1% over the past 2 weeks. 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 -0.26 million shares and in total 2.61 million shares bought and sold for approximately $0.00.

Shorts 0.16% ( 2018-05-31 )
Cash n/a
Loans n/a
Beta 0.84
ROA 15.21

Trend

Vaalco Energy Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 212.53% during the next 3 months and, with 90% probability hold a price between $6.96 and $9.27 at the end of this period.

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Signals

Vaalco Energy Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $2.52 and $1.91. A break down below any of these levels will issue sell signals. 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 Thursday June 14, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 67 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 $2.39 and $2.15.

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, Vaalco Energy Inc finds support just below today's level at $2.39. If this is broken, then the next support from accumulated volume will be at $2.15 and $2.08.

Support: $2.39 Price: $2.59 Resistance: $2.63

Risk

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 $0.46 between high and low, or 18.40%. For the last week, the stock has had a daily average volatility of 9.50%.

Our recommended stoploss: $2.41 (-6.77%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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