TransAtlantic Petroleum Ltd. (:TAT) shares have been on a recent steady downtrend, causing some worry for shareholders.

Some investment professionals believe that a great way to find, study, and invest in equities without getting completely overwhelmed, is to have a systematic and research driven approach. Of course, the same approach may not work for everybody. One investor may find one way that works for them, and another investor might find something completely different when it comes to portfolio picking. Trading and investing can carry a major emotional component. Even after careful research, being able to pull the trigger on a trade may still involve squashing the fear that comes with the thought of being wrong. Finding continued success in the stock market may entail keeping the portfolio balanced, but also finding the courage to get in when necessary, or get out when needed. Developing this confidence may take a lot of practice and determination.                  

It is important to consider the moving averages of a downtrending security.  We see here that TransAtlantic Petroleum Ltd. (:TAT) is -8.55% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -20.32% from current levels.  Further back, their 200-Day Simple Moving Average is -30.54% difference from today’s price.  Currently, the stock is -33.97% from its 50-Day High and 13.34% from the 50-day low. 

RSI and Recommendations

TransAtlantic Petroleum Ltd.’s RSI is 34.71.  Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 3.12% and month of 5.70%.  

Wall Street analysts have a consensus 3.00 recommendation on the stock.  

TransAtlantic Petroleum Ltd. (:TAT)’s performance this year to date is -16.83%.  The stock has performed -0.65% over the last seven days, -22.56% over the last thirty, and -20.64% over the last three months.  Over the last six months, TransAtlantic Petroleum Ltd.’s stock has been -41.55% and -51.13% for the year.

Technical traders may be following indicators to help spot possible entry and exit points. The two main types of indicators are lagging and leading. The leading indicator precedes stock price movements which can be used as a predictor. Lagging indicators may be used as confirmation as they follow price action. Lagging indicators may be highly useful when the market is trending, and leading indicators may be the strongest when the market is moving sideways. Indicators that stay within a certain range are referred to as oscillators. These common indicators are usually monitored for trading signals when the reading gets close to a specific level.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.