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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
Mon, 02 Mar 2015NoneShooting StarWed, 18 Feb 2015-15%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.19 -0.02 (-1.68%) Mar 02 4:00pm EST
Open: 1.23 Range: 1.15 - 1.27 Vol: 1.23M Avg Vol: 2.37M
EPS: 0.35 P/E ratio: 3.44 EBITDA: 80.1M Mkt Cap: 96.1M
Analyze "WRES" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.25
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 1.26
Last Trade is below the 50 day moving average at 1.38
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 3.89
* 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 trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that WRES has been range bound with a slight upward bias, having traded above the 200 SMA about 61% of the time. The medium term trend for WRES is extremely bearish and weak, having traded almost 100% of the time below the 50 day moving average. The 20 day moving average is indicating range bound trading, also with a bearish bias. Objectively, as long as WRES is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 3.89. Technically there are too many uncertainties to recommend a buy on this stock at this moment. 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 $1.80* (*source: Yahoo Finance).

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