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Permex Petroleum Corp (TSE:OIL)
:OIL
Canadian Market
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Permex Petroleum Corporation (OIL) Technical Analysis

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Summary of all the Indicators

Overall Consensus
Strong Buy
15Bullish
2Neutral
4Bearish
Technical Analysis Consensus
Sell
3Bullish
2Neutral
4Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Permex Petroleum Corp’s (OIL) Moving Averages Convergence Divergence (MACD) indicator is 0.27, suggesting Permex Petroleum Corp is a Sell.
Permex Petroleum Corp’s (OIL) 20-Day exponential moving average is 4.09, while Permex Petroleum Corp’s (OIL) share price is C$5, making it a Buy.
Permex Petroleum Corp’s (OIL) 50-Day exponential moving average is 3.81, while Permex Petroleum Corp’s (OIL) share price is C$5, making it a Buy.

Permex Petroleum Corporation (OIL) Pivot Points

Jan 22, 2025, 09:38 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
4.13
4.17
4.23
4.27
4.33
4.37
4.43
Fibonacci
4.17
4.20
4.23
4.27
4.30
4.33
4.37
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

Jan 22, 2025, 09:38 PM
Period
Simple
Exponential
MA5
4.45Buy
4.51Buy
MA10
4.31Buy
4.32Buy
MA20
3.93Buy
4.09Buy
MA50
3.68Buy
3.81Buy
MA100
3.61Buy
3.90Buy
MA200
4.62Buy
4.53Buy
Permex Petroleum Corp’s (OIL) 10-Day exponential moving average is 4.32, while Permex Petroleum Corp’s (OIL) share price is C$5, making it a Buy.
Permex Petroleum Corp’s (OIL) 100-Day exponential moving average is 3.90, while Permex Petroleum Corp’s (OIL) share price is C$5, making it a Buy.
Permex Petroleum Corp’s (OIL) stock price is C$5 and Permex Petroleum Corp’s (OIL) 50-day simple moving average is 3.68, creating a Buy signal.
Permex Petroleum Corp’s (OIL) stock price is C$5 and Permex Petroleum Corp’s (OIL) 100-day simple moving average is 3.61, creating a Buy signal.
Permex Petroleum Corp’s (OIL) stock price is C$5 and Permex Petroleum Corp’s (OIL) 200-day simple moving average is 4.62, creating a Buy signal.

Permex Petroleum Corporation (OIL) Technical Indicators

Jan 22, 2025, 09:38 PM
Name
Value
Implied Action
RSI (14)
70.81
Sell
STOCH (9,6)
74.36
Neutral
STOCHRSI (14)
91.67
Sell
MACD (12,26)
0.27
Sell
ADX (14)
17.38
Buy
Williams %R
0.00
Sell
CCI (14)
125.47
Sell
ATR (14)
0.29
-
Ultimate Oscillator
64.34
Neutral
ROC
51.52
Buy
Permex Petroleum Corp’s (OIL) Relative Strength Index (RSI) is 70.81, creating a Sell signal.
Permex Petroleum Corp’s (OIL) Trend Strength Indicator (ADX) is 17.38, creating a Buy signal.
Permex Petroleum Corp’s (OIL) Commodity Channel Index (CCI) is 125.47, creating a Sell signal.
Permex Petroleum Corp’s (OIL) Price Rate of Change (ROC) is 51.52, creating a Buy signal.

FAQ

Is OIL a Buy, Hold, or Sell?
Based on OIL’s technical indicators, OIL is a Strong Buy.
    What is OIL’s RSI (14)?
    OIL’s RSI (14) is 70.81, which suggests OIL is a Sell.
      What is OIL’s MACD?
      OIL’s MACD is 0.27, which suggests OIL is a Sell.
        What is OIL’s 5-day moving average?
        OIL’s 5-day moving average is 4.45, which suggests OIL is a Buy.
          What is OIL’s 20-day moving average?
          OIL 20-day moving average is 3.93, which suggests OIL is a Buy.
            What is OIL’s 50-day moving average?
            OIL’s 50-day moving average is 3.68, which suggests OIL is a Buy.
              What is OIL’s 200-day moving average?
              OIL’s 200-day moving average is 4.62, which suggests OIL is a Buy.
                What is OIL’s Williams % R (14)?
                OIL’s Williams % R (14) is 0.00, which suggests OIL is a Sell.
                  What is OIL’s CCI (14)?
                  OIL’s CCI (14) is 125.47, which suggests OIL is a Sell.
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