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Permex Petroleum Corporation (TSE:OIL)
CNQX:OIL
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Permex Petroleum Corporation (OIL) Technical Analysis

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Summary of all the Indicators

Overall Consensus
Buy
10Bullish
6Neutral
6Bearish
Technical Analysis Consensus
Buy
3Bullish
6Neutral
1Bearish
Moving Average Consensus
Buy
7Bullish
0Neutral
5Bearish
Permex Petroleum Corporation’s (OIL) Moving Averages Convergence Divergence (MACD) indicator is 0.07, suggesting Permex Petroleum Corporation is a Buy.
Permex Petroleum Corporation’s (OIL) 20-Day exponential moving average is 3.58, while Permex Petroleum Corporation’s (OIL) share price is C$3.8, making it a Buy.
Permex Petroleum Corporation’s (OIL) 50-Day exponential moving average is 3.53, while Permex Petroleum Corporation’s (OIL) share price is C$3.8, making it a Buy.

Permex Petroleum Corporation (OIL) Pivot Points

Dec 22, 2024, 07:07 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
3.55
3.67
3.74
3.86
3.93
4.05
4.12
Fibonacci
3.67
3.75
3.79
3.86
3.94
3.98
4.05
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Permex Petroleum Corporation (OIL) Moving Averages

Dec 22, 2024, 07:07 PM
Period
Simple
Exponential
MA5
3.46Buy
3.60Buy
MA10
3.54Buy
3.60Buy
MA20
4.00Sell
3.58Buy
MA50
3.17Buy
3.53Buy
MA100
3.99Sell
3.88Sell
MA200
4.79Sell
4.52Sell
Permex Petroleum Corporation’s (OIL) 10-Day exponential moving average is 3.60, while Permex Petroleum Corporation’s (OIL) share price is C$3.8, making it a Buy.
Permex Petroleum Corporation’s (OIL) 100-Day exponential moving average is 3.88, while Permex Petroleum Corporation’s (OIL) share price is C$3.8, making it a Sell.
Permex Petroleum Corporation’s (OIL) stock price is C$3.8 and Permex Petroleum Corporation’s (OIL) 50-day simple moving average is 3.17, creating a Buy signal.
Permex Petroleum Corporation’s (OIL) stock price is C$3.8 and Permex Petroleum Corporation’s (OIL) 100-day simple moving average is 3.99, creating a Sell signal.
Permex Petroleum Corporation’s (OIL) stock price is C$3.8 and Permex Petroleum Corporation’s (OIL) 200-day simple moving average is 4.79, creating a Sell signal.

Permex Petroleum Corporation (OIL) Technical Indicators

Dec 22, 2024, 07:07 PM
Name
Value
Implied Action
RSI (14)
54.48
Neutral
STOCH (9,6)
59.40
Neutral
STOCHRSI (14)
23.15
Neutral
MACD (12,26)
0.07
Buy
ADX (14)
31.17
Neutral
Williams %R
-66.67
Buy
CCI (14)
-16.57
Neutral
ATR (14)
0.37
-
Ultimate Oscillator
42.62
Neutral
ROC
-24.00
Sell
Permex Petroleum Corporation’s (OIL) Relative Strength Index (RSI) is 54.48, creating a Neutral signal.
Permex Petroleum Corporation’s (OIL) Trend Strength Indicator (ADX) is 31.17, creating a Neutral signal.
Permex Petroleum Corporation’s (OIL) Commodity Channel Index (CCI) is -16.57, creating a Neutral signal.
Permex Petroleum Corporation’s (OIL) Price Rate of Change (ROC) is -24.00, creating a Sell signal.

FAQ

Is OIL a Buy, Hold, or Sell?
Based on OIL’s technical indicators, OIL is a Buy.
    What is OIL’s RSI (14)?
    OIL’s RSI (14) is 54.48, which suggests OIL is a Neutral.
      What is OIL’s MACD?
      OIL’s MACD is 0.07, which suggests OIL is a Buy.
        What is OIL’s 5-day moving average?
        OIL’s 5-day moving average is 3.46, which suggests OIL is a Buy.
          What is OIL’s 20-day moving average?
          OIL 20-day moving average is 4.00, which suggests OIL is a Sell.
            What is OIL’s 50-day moving average?
            OIL’s 50-day moving average is 3.17, which suggests OIL is a Buy.
              What is OIL’s 200-day moving average?
              OIL’s 200-day moving average is 4.79, which suggests OIL is a Sell.
                What is OIL’s Williams % R (14)?
                OIL’s Williams % R (14) is -66.67, which suggests OIL is a Buy.
                  What is OIL’s CCI (14)?
                  OIL’s CCI (14) is -16.57, which suggests OIL is a Neutral.
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