EMPIRE PETROLEUM CORP (EP) Stock Technical Analysis
NYSEARCA:EP - NYSE Arca - US2920343033 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to EP. In the past year, EP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: EP has an average volume of 26346 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month EP has a been trading in the 3.95 - 5.80 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, EP turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
EP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 66% of 213 stocks in the same industry.
EP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EP is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.85
7.80
When analyzing the support we notice one important area.
- Support @4.90 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.73 to 5.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.27 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 | NEUTRAL | NEUTRAL | The long term trend for EP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EP is up. |
| ChartMill Relative Strength | 51.78 | NEUTRAL | EP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of EP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.87 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.18 | OVERBOUGHT | The high Stochastics value suggests EP may be overbought. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for EP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.72
+0.19 (+3.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.44%
1 Week7.92%
2 Weeks10.21%
1 Month41.23%
3 Month-4.67%
6 Month-23.43%
12 Month10.85%
2 Year-37.14%
3 Year-51.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%6.28%
ATR Inc-26.09%
Range Today0.31
ADR(20)0.35
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.78
Mansfield-0.3
10 Day High5.8
10 Day Low5.05
20 Day High5.8
20 Day Low3.95
52 Week High8.12
52 Week Low3.76
CS1 End4.9
CR1 Start5.73
Volume & EV
DER(3)-2.77%
DER(5)-3.62%
Volume25.70K
Volume Incr-24.1%
Vol(5)20.72K
Vol(50)26.35K