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Stock Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Torchlight Energy Resources, Inc (NASDAQ:TRCH)
Countertrend Down (-85) - TRCH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TRCH?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRCH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TRCH
The long-term trend has been DOWN since Jun 7th, 2019 at 1.0200
The intermediate-term trend has been DOWN since Mar 9th, 2020 at 0.5700
The short-term trend has been UP since Mar 31st, 2020 at 0.4401
Smart Scan Analysis for TRCH
Based on our trend formula, TRCH is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.3923 | 0.3910 | 0.3223 | 0.3514 | -0.0416 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.3860 | 137321 | 2020-04-01 14:20:54 |
| Year High | 1.48 | Year High Date | 2018-06-18 |
| Year Low | 0.6403 | Year Low Date | 2018-11-27 |
| 52wk High | 1.961 | 52wk High Date | 2019-04-12 |
| 52wk Low | 0.3 | 52wk Low Date | 2020-03-19 |
| Year End Close | 2.02 | Average Volume | 273,132 |
| Shares Outstanding | 79,968 | % Institutional | 32.5 |
| Market Cap | 75M | Assets | 40,924,135M |
| Liabilities | 25,857,739M | Beta | 8.56 |
| Volatility | 62.04 |