Technical analysis from Surge Energy Inc (SGY.TO, TSE:SGY) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Surge Energy Inc
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Momentum(5) is now increasing for Surge Energy Inc
Momentum /
Momentum(5) is now increasing for Surge Energy Inc

[BULLISH CROSSOVER]: Surge Energy Inc currently has positive momentum of 0.02. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%%.

DeMark pivot point for SGY is bullish. Stoploss should be positioned @$2.05
Demarks Pivot Points /
DeMark pivot point for SGY is bullish. Stoploss should be positioned @$2.05

Surge Energy Inc has broken the first DeMark resistance point ($2.065) [Bullish]. Look for a long limit order entry near this point. Exit price for SGY should be set @$2.09 & Stoploss for Surge Energy Inc should be set at $2.05

Low Price /
Surge Energy Inc: Daily low performance is -0.5 % [Downtrend]

[BULLISH]: Surge Energy Inc current downtrend in the first timeframe. Currently, the Low is $2.04 (-0.5 %).

On Balance Volume /
Traders are currently accumulating Surge Energy Inc

[BULLISH]: Surge Energy Inc current price has highlighted recent accumulation. Currently, the OBV is 2.0005e+006.

GROWTH /
Balance sheets assets for Surge Energy Inc is $3.49

Surge Energy Inc Key financial metrics: (1) Book Value: $3.49 (2) Market-to-Book ratio: 0.59 (3) PEG Ratio:

Range Tod Vs Range Yest /
Sellers are now less eager for Surge Energy Inc given the price range is contracting

SGY: Range today versus range yesterday Recent Trading -> (1) 19 Oct: -20% (2) 18 Oct: 25% (3) 17 Oct: 0%

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Moving Average Envelope /
Closing price for SGY is still below the lower envelope signalling a bullish movement

[BULLISH]: Surge Energy Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.9950.

Woodie Pivot Point /
Surge Energy Inc has broken the first Woodie support point ($2.04) [Bearish]

Surge Energy Inc has broken the first Woodie support point ($2.04) [Bearish]. Look for a short limit order entry near this point. Exit price for SGY should be set @$2.02 & short position stoploss for Surge Energy Inc should be set at $2.1

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Volume for SGY has not surpassed the volume of the previous trading session
Volume /
Volume for SGY has not surpassed the volume of the previous trading session

[BEARISH]: Surge Energy Inc current volume downtrend in the first timeframe. Volume for SGY is324771 (-28.4).

Bearish conditions for SGY are likely to continue based on EFI (-8510)
Elders Force Index /
Bearish conditions for SGY are likely to continue based on EFI (-8510)

[BEARISH]: Surge Energy Inc current price has highlighted recent selling pressure. Currently, the Elders Force Index is -8510.

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-40) for Surge Energy Inc

SGY: Aroon Oscillator Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Accumulation / Distribution /
Surge Energy Inc: Current trading activity signals accumulation is present

[BULLISH]: Surge Energy Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Volume Rate of Change /
Volume rate of change continues to build for Surge Energy Inc signalling a short term downtrend is likely

[BEARISH]: Surge Energy Inc currently has negative rate of change of -52%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.

Trading session closed lower on high volume for Surge Energy Inc [Bearish]
Ease of Movement /
Trading session closed lower on high volume for Surge Energy Inc [Bearish]

SGY: EOM Current Signal -> (1) 19 Oct: BEARISH HARD (2) 18 Oct: BULLISH HARD (3) 17 Oct: BEARISH HARD

Weaker price performance from SGY has seen a lower close of -0.5 % [Downtrend]
Closing Price /
Weaker price performance from SGY has seen a lower close of -0.5 % [Downtrend]

SGY: CLOSE Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: NEUTRAL

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Surge Energy Inc indicating downward price movement is likely

[BULLISH]: Surge Energy Inc currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.5%.

Opening Price /
Surge Energy Inc: Daily opening price is $2.05

[BEARISH]: Surge Energy Inc opening price has gapped down. Currently, the OPEN is $2.05 (-1.9 %).

Average True Range /
Daily trading has confirmed an ATR downtrend (0.059) for Surge Energy Inc

[Bearish]: Average True Range has confirmed an downtrend is present. Surge Energy Inc has a TR of 0.04, and an ATR(14) of 0.059.

DVI: Accumulation still active for Surge Energy Inc
Daily Volume Index /
DVI: Accumulation still active for Surge Energy Inc

SGY: DVI Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Negative ROC for SGY is a leading indicator for continued price fall
Rate of Change /
Negative ROC for SGY is a leading indicator for continued price fall

[BEARISH]: Surge Energy Inc currently has negative rate of change of -9.3%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Surge Energy Inc: Daily price range is $0.04 [Decreasing Range]
Price Range /
Surge Energy Inc: Daily price range is $0.04 [Decreasing Range]

SGY: Price Range Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BULLISH (3) 17 Oct: NEUTRAL

TRADE /
SGY: MCap is $465.08M

Surge Energy Inc key financial metrics: (1) MCAP: $465.08M (2) Shares: 225766000 (3) Free Float: 216401000

Ulcer Index /
Ulcer index has increased in stress level for SGY & high drawdown is expected

SGY: UIX Current Signal -> (1) 19 Oct: High stress (2) 18 Oct: High stress (3) 17 Oct: High stress

MACD /
Surge Energy Inc: MACD @-0.018000 [Bearish]

[BEARISH]: Surge Energy Inc currently has negative MACD of -0.018000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -4.2%.

Percentage Price /
Surge Energy Inc currently has negative PPO -0.500

[BEARISH]: Surge Energy Inc currently has negative PPO -0.500%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Daily trading has increased the bear power to drive prices for Surge Energy Inc
Elder Ray Index /
Daily trading has increased the bear power to drive prices for Surge Energy Inc

[BEARISH]: Surge Energy IncElder Ray Index is signalling a Bearish movementERI is -0.057 indicating bear power. Prices are being driven below the consensus of value for SGY during the last trading session [Selling Pressure]

[Bearish]: Surge Energy Inc currently has negative Volume MACD histogram -26243
MACD Volume /
[Bearish]: Surge Energy Inc currently has negative Volume MACD histogram -26243

SGY: Volume MACD Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

White Candle /
SGY Basic Candle: White

[BULLISH]: Surge Energy Inc has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

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