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Oilex Ltd. (OEX.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 16 Jun 2017DojiDojiMon, 05 Jun 2017-18.52%
***Stock database and scans are updated around midnight (London time) every trading day.
0.22 0.00 (0%) Jun 16 10:09pm BST
Open: 0.22 Range: 0.16 - 0.19 Vol: 32.28M Avg Vol: 39.75M
EPS: -1.10 P/E ratio: 0.00 EBITDA: -7.55M Mkt Cap: 2.63M
Analyze "OEX.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 0.19
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 0.26
Last Trade is below the 50 day moving average at 0.30
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 0.39
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of OEX.L

Stock Trend Analysis - Buy, Sell or Hold "Oilex Ltd." (OEX.L)?

OEX.L is in a very strong downtrend. For the last 52 weeks, OEX.L has maintained to stay firmly below the 200 day moving average for 99% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as OEX.L has been trading below its 20 SMA for 52.5% of the time in the last 8 weeks. As OEX.L is in a downtrend characterized by the 200 SMA, currently at 0.39, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although OEX.L may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "OEX.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 16 Jun 2017
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