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

Surge Energy Inc
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Price was difficult to move upward in recent trading on high volume causing an uptrend in price for SGY
Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for SGY

SGY: EOM Current Signal -> (1) 18 Apr: BULLISH HARD (2) 17 Apr: BULLISH HARD (3) 16 Apr: BEARISH HARD

Ulcer index has reduced in stress level for Surge Energy Inc & low drawdown is expected
Ulcer Index /
Ulcer index has reduced in stress level for Surge Energy Inc & low drawdown is expected

SGY: UIX Current Signal -> (1) 18 Apr: Low stress (2) 17 Apr: Low stress (3) 16 Apr: Low stress

Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for SGY

SGY: Average True Range Recent Trading -> (1) 18 Apr: 0.072 (2) 17 Apr: 0.068 (3) 16 Apr: 0.066

Fibonacci Extensions /
Surge Energy Inc has broken above the 161.8% extension level ($0.66) [Bearish]

Surge Energy Inc has moved above the 161.8% level ($0.66) [Bearish]. Look for a short limit order entry near this point. Exit price for SGY should be set @$0.83 & short position stoploss for Surge Energy Inc should be set at $0.49

Elder Ray Index /
Bull power has increased for Surge Energy Inc signalling bullish conditions are likely

[BULLISH]: Surge Energy IncElder Ray Index is signalling a Bullish movementERI is 0.186 indicating bull power. Prices are being driven above the consensus of value for SGY during the last trading session [Buying Pressure]

Weighted Moving Average /
The WMA trend following signal is still current for Surge Energy Inc [Bullish]

[BULLISH]: Surge Energy Inc currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 3.7%.

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Simple Moving Average /
The SMA trend following signal is still current for Surge Energy Inc [Bullish]

SGY: SMA(5) Current Signal -> (1) 18 Apr: BEARISH (2) 17 Apr: BEARISH (3) 16 Apr: BULLISH CROSSOVER

Surge Energy Inc: MACD oscillator (0.021000)
MACD /
Surge Energy Inc: MACD oscillator (0.021000)

SGY: MACD Current Signal -> (1) 18 Apr: BULLISH (2) 17 Apr: BULLISH (3) 16 Apr: BULLISH

William %R overbought signal has just been neutralized for Surge Energy Inc
Williams %R /
William %R overbought signal has just been neutralized for Surge Energy Inc

[BULLISH]: Surge Energy Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Aroon Oscillator /
Surge Energy Inc: ARO(96) has signalled a strong uptrend is current

[BULLISH]: Surge Energy Inc has a current ARU(25) of 100 and a current ARD(25) of 4

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Surge Energy Inc

[BULLISH]: Surge Energy Inc currently has a confirmed uptrend. Price is currently above the displaced moving average for SGYCurrently, the return on DPO20 is 3.7%.

Triangular Moving Average /
[Bullish]: Trend following indicator for SGY highlights upward price direction is likely

[BULLISH]: Surge Energy Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 3.7%.

Surge Energy Inc: Average Directional Index (17.74)
Average Directional Movement /
Surge Energy Inc: Average Directional Index (17.74)

[Weak Trend]: ADX for SGY has confirmed a weak trend is presentSurge Energy Inc has an ATR(14) of 0.072, a DX of 33.56 & an ADX(14) of 17.74

[Bearish]: Range has decreased for SGY during the last trading session
Price Range /
[Bearish]: Range has decreased for SGY during the last trading session

SGY: Price Range Current Signal -> (1) 18 Apr: BEARISH (2) 17 Apr: BULLISH (3) 16 Apr: BULLISH

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost commitment during the trading day for Surge Energy Inc

[BULLISH WEAK]: Surge Energy Inc opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 55.6%. This suggests the buyers have lost commitment. Over the last 12 months there has been 22 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 8.4%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 23.1%.

Relative Strength Index /
Relative Strength overbought signal had been initiated for Surge Energy Inc

[BEARISH]: Surge Energy Inc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @71.7457

5-day momentum is increasing for Surge Energy Inc
Momentum /
5-day momentum is increasing for Surge Energy Inc

[BULLISH]: Surge Energy Inc currently has positive momentum of 0.14. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.7%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 12.2%%.

Surge Energy Inc: Open Window
Two White Soldiers /
Surge Energy Inc: Open Window

[BULLISH]: Surge Energy Inc has formed a new Two White Soldiers pattern.

Surge Energy Inc: On Balance Volume (5.8878e+006)
On Balance Volume /
Surge Energy Inc: On Balance Volume (5.8878e+006)

[BULLISH]: Surge Energy Inc current price has highlighted recent accumulation. Currently, the OBV is 5.8878e+006.

Percentage Price /
The current price is still gaining momentum through a rise for SGY on the short term EMA.

[BULLISH]: Surge Energy Inc currently has positive PPO 2.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

White Candle /
SGY Basic Candle: White

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

Range Tod Vs Range Yest /
Surge Energy Inc: Range Performance (-10)

[WEAK BEARISH]: Surge Energy Incbuyers are becoming less eager. This is the first day buyers have decreased eagerness for SGY reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.38 & the greatest daily price range this year has been $0.68. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.6x.

Closing Price /
Surge Energy Inc: Daily performance is 3.7000000000000000 % [Uptrend]

[BULLISH]: Surge Energy Inc current uptrend in the first timeframe. Currently, the Close is $2.22.

Surge Energy Inc: Daily volume performance is 131.3 [Uptrend]
Volume /
Surge Energy Inc: Daily volume performance is 131.3 [Uptrend]

[BULLISH]: Surge Energy Inc current volume uptrend in the first timeframe. Volume for SGY is1.71762e+006 (131.3).

The SWMA trend following signal is still current for Surge Energy Inc [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Surge Energy Inc [Bullish]

[BULLISH]: Surge Energy Inc currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 3.7%.

Percentage Volume /
Surge Energy Inc: Percentage Volume Oscillator @12.8 [Bullish]

[BULLISH]: Surge Energy Inc currently has positive PVO 12.8%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 3.7%.

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