Petro One Energy Corp

(POP:TSXV)


Event Details for: Price Crosses Moving Average
 

 

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).  Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend.  By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices.  A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend.  The opposite is true when the price crosses below the moving average, triggered a bearish event.

Event Date:

Jan 18, 2013

Opportunity Type:

Long-Term Bullish

Close Price:

$0.31

 

Price Period:

Daily

Volume:

58,165

Price crossed above the 200-day moving average.

 







Petro One Energy Corp

(POP:TSXV)


Event Details for: Commodity Channel Index
 

 

Tells Me: The price is relatively far from its 20-bar average price.  The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars).  The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100.  Many traders use these as overbought (+100) /oversold (-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event).  When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.

Event Date:

Jan 18, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.31

 

Price Period:

Weekly

Volume:

139,815

 







Petro One Energy Corp

(POP:TSXV)


Event Details for: Momentum
 

 

Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago.  The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.  Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis.  Momentum is significant because it signals the strength of price trends.  A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.

Event Date:

Jan 18, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.31

 

Price Period:

Daily

Volume:

58,165

The Momentum has moved above 0.

 







Petro One Energy Corp

(POP:TSXV)


Event Details for: Williams %R
 

 

Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above).  The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought.  Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level).  Williams %R is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa.  The oscillator looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %R is high, it's likely we're seeing upward pressure, and vice versa.  The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold conditions.

Event Date:

Jan 18, 2013

Opportunity Type:

Short-Term Bullish

Close Price:

$0.31

 

Price Period:

Weekly

Volume:

139,815