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Permex Petroleum Corporation

OIL.CN•CNQ
Energy
Oil & Gas Exploration & Production
$3.81
$0.11(2.97%)
Canadian Market opens in 1h 52m

Permex Petroleum Corporation (OIL.CN) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Permex Petroleum Corporation (CNQ:OIL.CN).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

OIL.CN Technical Analysis Summary

Permex Petroleum Corporation stock currently shows a bearish trend, weighed down by selling pressure and weak momentum.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 33.00)
Trend Strength:Strong (ADX: 38.90)
Volatility:Medium (ATR: 0.18)
Support/Resistance:$3.61 – $4.90 (Bollinger Bands)

Overall, Permex Petroleum Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 33.00

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 32.43

Bearish
Momentum remains weak below midpoint.

Williams %R: -67.21

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -17.71

Strongly Bearish
Sharp downside momentum.

Takeaway:Permex Petroleum Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.13

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 38.90

Strong
Strong trend, momentum well established.

ATR (14): 0.18

Low
Low volatility, stable price action.

CCI (14): -75.52

Bearish
Bearish, momentum remains under pressure.

Takeaway:Permex Petroleum Corporation shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$4.90
Middle Band (SMA 20)
$4.25
Lower Band
$3.61
Current Position
Within Bands

Takeaway:Permex Petroleum Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$4.48
Middle Line (EMA 20)
$4.12
Lower Channel
$3.77
Squeeze Status
No Squeeze

Takeaway:Permex Petroleum Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.41K
Money Flow Index1.78Bullish, oversold conditions signal rebound potential.
Relative Vigor Index14.80Bearish, price momentum favors sellers.

Overall Takeaway:OIL.CN shows oversold money flow, with rebound potential building.

Technical Trading Signals Summary
Based on the current technical analysis of Permex Petroleum Corporation, here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Permex Petroleum Corporation shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

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