Technical Analysis for MAY - Melbana Fpo  

Grade Last Price % Change Price Change
F 0.053 6.00% 0.003
MAY closed up 6.0 percent on Friday, May 3, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Jack-in-the-Box Bearish Bearish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%
New 52 Week Closing Low Bearish 6.00%
Expansion Breakdown Bearish Swing Setup 6.00%
Volume Surge Other 6.00%
Wide Range Bar Range Expansion 6.00%

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Profile

Melbana Fpo   Description

Melbana Energy Limited, formerly MEO Australia Limited, is an independent oil and gas company. The Company has a portfolio of exploration, appraisal and development-stage opportunities in Cuba, New Zealand, Ashmore Cartier and Bonaparte Gulf regions in Australia. Its projects include Cuba Block 9 Production Sharing Contract (Block 9 PSC), PEP51153 permit, WA-488-P, Tassie Shoal Methanol Project and AC/P51 exploration permit. The Block 9 PSC covers approximately 2,380 square kilometers onshore on the north coast of Cuba. The PEP51153 permit covers an area of approximately 85 square kilometers (over 21,000 acres). WA-488-P is located in the Petrel Sub-basin between the producing Blacktip gas field and the undeveloped Turtle and Barnett oil discoveries, and has an area of approximately 4,074 square kilometers. The AC/P51 exploration permit is located offshore north-west Australia in the Vulcan Sub-basin. The permit has an area of approximately 583 square kilometers.


Classification

Sector: Basic Materials
Industry: Independent Oil & Gas
Keywords: Exploration Energy Gas Oil Oil And Gas Gas Field Oil Discoveries Vulcan

Is MAY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.12
52 Week Low 0.043
Average Volume 3,056,684
200-Day Moving Average 0.070
50-Day Moving Average 0.060
20-Day Moving Average 0.058
10-Day Moving Average 0.056
Average True Range 0.003
RSI (14) 43.82
ADX 21.09
+DI 9.302
-DI 43.411
Chandelier Exit (Long, 3 ATRs) 0.054
Chandelier Exit (Short, 3 ATRs) 0.052
Upper Bollinger Bands 0.064
Lower Bollinger Band 0.052
Percent B (%b) 0.05
BandWidth 19.621
MACD Line -0.002
MACD Signal Line -0.001
MACD Histogram -0.0007
Fundamentals Value
Market Cap 122.79 Million
Num Shares 2.32 Billion
EPS 0.00
Price-to-Earnings (P/E) Ratio -35.33
Price-to-Sales 0.00
Price-to-Book 3.40
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.059
Resistance 3 (R3) 0.059 0.056 0.058
Resistance 2 (R2) 0.056 0.055 0.057 0.058
Resistance 1 (R1) 0.055 0.054 0.054 0.055 0.057
Pivot Point 0.052 0.052 0.052 0.053 0.052
Support 1 (S1) 0.051 0.051 0.050 0.051 0.049
Support 2 (S2) 0.048 0.050 0.049 0.048
Support 3 (S3) 0.047 0.048 0.048
Support 4 (S4) 0.047