Taking everything into account, EP scores 2 out of 10 in our technical rating. In the past year, EP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 85% of all other stocks performed better in the past year than EP.
- EP is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 84% are performing better than EP.
- EP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month EP has a been trading in the 2.77 - 3.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.58. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.79
We found 2 important support areas.
- A support zone ranging from 3.05 to 3.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.82 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.58 to 3.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.95 from a trend line in the weekly time frame.
- Resistance @4.30 from a trend line in the weekly time frame.
- Resistance @7.72 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EP is neutral. |
| ChartMill Relative Strength | 15.89 | NEGATIVE | EP has a low relative strength, it was outperformed by 84.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.81 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.67 | NEUTRAL | The Stochastics value for EP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.2 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.04 | POSITIVE | The high ADX value value for EP suggests a strong trend. |
NYSEARCA:EP (2/9/2026, 4:56:38 PM)
3.2
-0.37 (-10.36%)
EMPIRE PETROLEUM CORP / EP FAQ
What is the ChartMill technical rating of EMPIRE PETROLEUM CORP (EP) stock?
ChartMill assigns a technical rating of 2 / 10 to EP.
What is the trend direction for EP stock?
The current trend direction for EMPIRE PETROLEUM CORP (EP) is Bearish.
Can you provide the RSI signal for EMPIRE PETROLEUM CORP?
EMPIRE PETROLEUM CORP (EP) has an RSI value of 52.8121. This indicates that the stock is currently neutral.
What is the MACD signal for EMPIRE PETROLEUM CORP (EP) stock?
The MACD indicator for EMPIRE PETROLEUM CORP (EP) has a value of 0.0359906, indicating a bearish trend.
What is the support and resistance level for EP stock?
EMPIRE PETROLEUM CORP (EP) has a support level at 3.08 and a resistance level at 3.58. Check the full technical report for our detailed analysis of EP support and resistance levels.