RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ECO.L
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Eco (Atlantic) Oil & Gas Ltd. stock upgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -8.29% PDF

No changes to the price of Eco (Atlantic) Oil & Gas Ltd. stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £8.85 to a day high of £8.85. The price has fallen in 6 of the last 10 days and is down by -9.23% for this period.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £8.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.04% during the next 3 months and, with a 90% probability hold a price between £7.85 and £9.78 at the end of this 3-month period.

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ECO.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has fallen 0%. Further rise is indicated 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. The Eco (Atlantic) Oil & Gas Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £9.28 and £9.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Eco (Atlantic) Oil & Gas Ltd. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the 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 2.40%

Eco (Atlantic) Oil & Gas Ltd. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (ECO.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eco (Atlantic) Oil & Gas Ltd. to open at £8.85, and during the day (based on 14 day Average True Range), to move between £8.46 and £9.24, which gives a possible trading interval of +/-£0.390 (+/-4.40%) up or down from last closing price. If Eco (Atlantic) Oil & Gas Ltd. takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £10.00, some £1.15 (12.99%) from the current price of £8.85, our system finds the risk reward not very attractive.

Is Eco (Atlantic) Oil & Gas Ltd. stock A Buy?

Eco (Atlantic) Oil & Gas Ltd. holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.496 Sell Candidate Upgraded

Predicted Opening Price for Eco (Atlantic) Oil & Gas Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£8.85 ( 0%) £8.85

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

Trading levels for ECO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.85 .
R2 8.85 .
R1 8.85 .
Current price: 8.85
Support S1 8.85 .
S2 8.85 .
S3 8.85 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.00 24.29 %
R2 10.15 14.69 %
R1 10.00 12.99 %
Current price 8.85
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Eco (Atlantic) Oil & Gas Ltd. Stock and on which exchange is it traded?
The symbol for Eco (Atlantic) Oil & Gas Ltd. is ECO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Eco (Atlantic) Oil & Gas Ltd. Stock?
Eco (Atlantic) Oil & Gas Ltd. holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Eco (Atlantic) Oil & Gas Ltd. Stock?
Eco (Atlantic) Oil & Gas 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 Eco (Atlantic) Oil & Gas Ltd. Stock.

What's the current price of Eco (Atlantic) Oil & Gas Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Eco (Atlantic) Oil & Gas Ltd. (ECO.L) share was £8.85.

What is the 52-week high and low for Eco (Atlantic) Oil & Gas Ltd. Stock?
The 52-week high for Eco (Atlantic) Oil & Gas Ltd. Stock is £21.50 and the 52-week low is £8.80.

What is the market capitalization of Eco (Atlantic) Oil & Gas Ltd. Stock?
As of the 2024-03-27, the market capitalization of Eco (Atlantic) Oil & Gas Ltd. is 32.76M.

When is the next earnings date for Eco (Atlantic) Oil & Gas Ltd.?
The upcoming earnings date for Eco (Atlantic) Oil & Gas Ltd. is Aug 28, 2024.
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About Eco (Atlantic) Oil & Gas Ltd.

Eco (Atlantic) Oil & Gas Ltd. Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties in the Republic of Namibia and Co-Operative Republic of Guyana. It operates through two segments, Oil and Gas Exploration, and Renewable Energy. The company holds an 15% working interest in the Orinduik block comprising 1,800 km2 located in the Suriname Guyana basi... ECO.L Profile

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