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Warren Resources, Inc. (WRES) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 02 Sep 2015NoneDojiThu, 20 Aug 201563.16%
***Stock database and scans are updated around midnight (New York time) every trading day.
0.67 0.00 (0%) Sep 03 3:59pm EDT
Open: 0.63 Range: 0.63 - 0.70 Vol: 1.57M Avg Vol: 1.21M
EPS: -2.27 P/E ratio: 0.00 EBITDA: 70.75M Mkt Cap: 50.59M
Analyze "WRES" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 0.54
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 0.44
Last Trade is above the 50 day moving average at 0.43
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.04
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of WRES

Stock Trend Analysis - Buy, Sell or Hold "Warren Resources, Inc." (WRES)?

WRES is in a very strong downtrend. For the last 52 weeks, WRES has maintained to stay firmly below the 200 day moving average for 89% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for WRES is also extremely bearish and weak, having traded almost 83% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as WRES has been trading below its 20 SMA for 65% of the time in the last 8 weeks. As WRES is in a strong downtrend characterized by the 200 SMA, currently at 1.04, 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 WRES 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 "WRES".

The analyst consensus estimates for the 1 year price target for this stock is $1.13* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 02 Sep 2015
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