Overall EP gets a technical rating of 0 out of 10. EP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, EP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.21
7 important resistance areas can be observed.
- A resistance zone ranging from 3.25 to 3.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.54 from a trend line in the weekly time frame.
- Resistance @4.77 from a trend line in the weekly time frame.
- Resistance @5.11 from a trend line in the daily time frame.
- Resistance @5.88 from a trend line in the daily time frame.
- Resistance @6.30 from a horizontal line in the daily 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 | 8 | NEGATIVE | EP has a low relative strength, it was outperformed by 92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EP is below a declining 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) | 50.74 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EP has a positive trend. |
| Stochastics (14,3) | 61.31 | NEUTRAL | The Stochastics value for EP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.85 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 19.41 | NEGATIVE | The low ADX value for EP suggests a weak or negative trend. |
3.24
+0.02 (+0.62%)
EMPIRE PETROLEUM CORP / EP FAQ
What is the ChartMill technical rating of EMPIRE PETROLEUM CORP (EP) stock?
ChartMill assigns a technical rating of 0 / 10 to EP.
What is the current trend direction of EMPIRE PETROLEUM CORP (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 50.7404. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EMPIRE PETROLEUM CORP?
The MACD indicator for EMPIRE PETROLEUM CORP (EP) has a value of 0.0526105, indicating a bearish trend.
What is the support and resistance level for EP stock?
EMPIRE PETROLEUM CORP (EP) has a resistance level at 3.25. Check the full technical report for our detailed analysis of EP support and resistance levels.