Torchlight Energy Resources Inc. Shares Close the Day 10.9% Lower - Daily Wrap

The company saw its shares close the day 10.9% lower than yesterday, with trading volume lower than its 30 day average.

Mar 15, 2021 by Kwhen Finance Editors

Torchlight Energy Resources Inc. Shares Close the Day 10.9% Lower - Daily Wrap
Torchlight Energy Resources Inc. shares closed today 10.9% lower than it did at the end of yesterday. The stock is currently up 225.7% year-to-date, up 469.7% over the past 12 months, and up 293.4% over the past five years. Today, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 0.1%.

Trading Activity

  • Shares traded as high as $3.34 and as low as $2.15 this week.
  • Shares closed 5e+1% below its 52-week high and 1e+3% above its 52-week low.
  • Trading volume this week was 13.4% higher than the 10-day average and 23.2% lower than the 30-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was between 30 and 70.
  • MACD, a trend-following momentum indicator, indicates a downward trend.
  • The stock closed below its Bollinger band, indicating it may be oversold.

Market Comparative Performance

  • The company's share price lags the S&P 500 Index today, beats it on a 1-year basis, and beats it on a 5-year basis
  • The company's share price lags the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis
  • The company share price lags the performance of its peers in the Communication Services industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
Torchlight Energy Resources Inc.-10.9225.7469.7
Dow Jones Industrial Average-0.48.245.2-0.184.4
S&P 500 Index-0.16.049.90.184.2
Communication Services1.112.687.1-1.297.3

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