EMPIRE PETROLEUM CORP (EP) Stock Technical Analysis
NYSEARCA:EP - NYSE Arca - US2920343033 - Common Stock - Currency: USD
Taking everything into account, EP scores 1 out of 10 in our technical rating. 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.
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.
When comparing the yearly performance of all stocks, EP is a bad performer in the overall market: 89% of all stocks are doing better.
EP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 213 stocks in the same industry do better.
EP is currently trading in the lower part 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.
In the last month EP has a been trading in the 3.76 - 5.13 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of EP is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.87
7.80
We can see 4 important resistance areas.
- A resistance zone ranging from 4.93 to 5.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.87 from a trend line in the daily time frame.
- Resistance @6.51 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 | 11.69 | NEGATIVE | EP has a low relative strength, it was outperformed by 88.31% 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) | DOWN | NEGATIVE | The current price of EP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.49 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests EP has a positive trend. |
| Stochastics (14,3) | 91.98 | OVERBOUGHT | The high Stochastics value suggests EP may be overbought. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 27.94 | 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)
4.92
-0.07 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.4%
1 Week21.48%
2 Weeks18.27%
1 Month5.81%
3 Month-28.7%
6 Month-22.27%
12 Month-32.04%
2 Year-47.99%
3 Year-76.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%6%
ATR Inc159.42%
Range Today0.56
ADR(20)0.29
ADR(20)%5.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.69
Mansfield-1.58
10 Day High5.13
10 Day Low3.85
20 Day High5.13
20 Day Low3.76
52 Week High8.12
52 Week Low3.76
CS1 EndN/A
CR1 Start4.93
Volume & EV
DER(3)6.12%
DER(5)3.54%
Volume34.00K
Volume Incr26.93%
Vol(5)35.30K
Vol(50)30.79K