EMPIRE PETROLEUM CORP (EP) Stock Technical Analysis
USA - NYSEARCA:EP - US2920343033 - Common Stock
Overall EP gets a technical rating of 0 out of 10. EP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
EP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
3.31
8 important resistance areas can be observed.
- Resistance @3.50 from a horizontal line in the daily time frame.
- Resistance @3.78 from a trend line in the daily time frame.
- Resistance @4.67 from a trend line in the daily time frame.
- Resistance @4.81 from a trend line in the weekly time frame.
- Resistance @5.05 from a trend line in the weekly time frame.
- Resistance @5.63 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for EP is down. |
| ChartMill Relative Strength | 6.56 | NEGATIVE | EP has a low relative strength, it was outperformed by 93.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EP is below 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) | 44.11 | 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. |
| Stochastics (14,3) | 41.41 | NEUTRAL | The Stochastics value for EP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.4 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.07 | POSITIVE | The high ADX value value for EP suggests a strong trend. |
3.34
-0.15 (-4.3%)
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 44.1062. 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 0.0352381, indicating a bearish trend.
What is the support and resistance level for EP stock?
EMPIRE PETROLEUM CORP (EP) has a resistance level at 3.5. Check the full technical report for our detailed analysis of EP support and resistance levels.