EMPIRE PETROLEUM CORP (EP) Stock Technical Analysis
NYSEARCA:EP - NYSE Arca - US2920343033 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to EP. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, EP is a bad performer in the overall market: 68% of all stocks are doing 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 4.37 - 6.31 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: EP has an average volume of 27696 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 43% of 208 stocks in the same industry.
The technical rating of EP is bad and it also does not present a 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
3.84
7.80
We found 1 important support area.
- A support zone ranging from 3.88 to 3.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 4.84 to 4.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.07 to 5.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.30 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.91 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 32.02 | NEUTRAL | EP is not amongst the best or worst performers 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) | UP | MIXED | The current price of EP is below 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) | 36.2 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EP has a negative trend. |
| Stochastics (14,3) | 8.02 | OVERSOLD | The low Stochastics value suggests EP may be oversold. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for EP suggests a weak or negative 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)
4.41
-0.11 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.43%
1 Week-11.27%
2 Weeks-9.45%
1 Month-21.67%
3 Month2.32%
6 Month-24.62%
12 Month-5.97%
2 Year-49.54%
3 Year-70.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%9.6%
ATR Inc8.82%
Range Today0.36
ADR(20)0.42
ADR(20)%9.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.02
Mansfield-2.67
10 Day High5.34
10 Day Low4.37
20 Day High6.31
20 Day Low4.37
52 Week High8.12
52 Week Low3.76
CS1 End3.88
CR1 Start4.84
Volume & EV
DER(3)-10.55%
DER(5)-11.29%
Volume36.50K
Volume Incr-35.72%
Vol(5)21.12K
Vol(50)27.70K