Previous Hold Today NTOG.L ranks #2156 as HOLD CANDIDATE. Next Hold
Today NTOG.L ranks #2156 as HOLD CANDIDATE.

NTOG.L stock Nostra Terra Oil&Gas Co Plc

NTOG.L stock
Nostra Terra Oil&Gas Co Plc

March 22, 2019
Change 3.16%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will NTOG.L stock price go up or down on Tue, 26 Mar 2019?

Nostra Terra Oil&Gas Co Plc Forecast and Stock Analysis

Technical NTOG.L stock analysis for March 22, 2019.

Hold candidate since 2019-03-22

Nostra Terra Oil&Gas Co Plc gained 3.16% in the last trading day, rising from £2.38 to £2.45 The price has been going up and down for this period, and there has been a -7.55% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 426 827 more shares were traded than the day before. In total, 655 208 shares bought and sold for approximately £1.61 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the NTOG.L stock was £2.45. This is 3.16% more than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 3.16% from a day low at £2.38 to a day high of £2.45.

30 day high of the NTOG.L stock price was £2.85 and low was £2.38.
90 day high was £3.10 and low was £2.05.
52 week high for the Nostra Terra Oil&Gas Co Plc - £5.50 and low - £2.05.

Trend

Given the current horizontal trend you can expect Nostra Terra Oil&Gas Co Plc with 90% probability to be traded between £2.34 and £2.83 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

A buy signal was issued from a pivot bottom point on Thursday March 21, 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. Nostra Terra Oil&Gas Co Plc 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 £2.50 and £2.57. A break-up above any of these levels will issue buy signals.

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A buy signal from a double bottom formation was found on Tuesday March 12, 2019 and based on theory for this formation the price should go up by 0.08% to £2.58 within 9 trading days since signal was issued (Monday March 25, 2019).

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

Nostra Terra Oil&Gas Co Plc finds support from accumulated volume at £2.40.

Support: £2.40 Price: £2.45 Resistance: £2.65

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.08 (3.16%) between high and low. For the last week, the stock has had a daily average volatility of 3.36%.

Nostra Terra Oil&Gas Co Plc 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: £2.31 (-5.63%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 28 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Nostra Terra Oil&Gas Co Plc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate 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 NTOG.L ranks #2156 as HOLD CANDIDATE. Next Hold
Today NTOG.L ranks #2156 as HOLD CANDIDATE.