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Magellan Petroleum Corporation (MPET) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingTue, 24 Oct 201727.82%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.36 0.00 (0%) Nov 28 4:00pm EDT
Open: 12.14 Range: 12.14 - 12.90 Vol: 529.69K Avg Vol: 239.54K
EPS: -2.03 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "MPET" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.23
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 11.36
Last Trade is above the 50 day moving average at 10.78
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 10.75
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MPET

Stock Trend Analysis - Buy, Sell or Hold "Magellan Petroleum Corporation" (MPET)?

MPET is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 74% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation MPET will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 10.75. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MPET".

The analyst consensus estimates for the 1 year price target for this stock is $4.80* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017

News on "MPET" Stock

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