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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 86% of all other stocks performed better in the past year than EP.
- EP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 85% are performing better than EP.
- EP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month EP has a been trading in the 2.77 - 3.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
EP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.86, a Stop Loss order could be placed below this zone.
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2.79
When analyzing the support we notice one important area.
- A support zone ranging from 2.82 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.05 to 3.10. 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 3.21 to 3.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.33 to 3.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.01 from a trend line in the weekly time frame.
- Resistance @4.35 from a trend 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 | 14.15 | NEGATIVE | EP has a low relative strength, it was outperformed by 85.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EP is below 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) | DOWN | NEGATIVE | The current price of EP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.56 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EP has a positive trend. |
| Stochastics (14,3) | 27.33 | NEUTRAL | The Stochastics value for EP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.24 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 20.98 | NEUTRAL | The ADX value for EP suggests a possible start of a new trend. |
3.03
-0.04 (-1.3%)
EMPIRE PETROLEUM CORP / EP FAQ
What is the ChartMill technical rating of EMPIRE PETROLEUM CORP (EP) stock?
ChartMill assigns a technical rating of 1 / 10 to EP.
What is the trend direction for 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 49.5597. This indicates that the stock is currently neutral.
What is the MACD signal for EMPIRE PETROLEUM CORP (EP) stock?
The MACD indicator for EMPIRE PETROLEUM CORP (EP) has a value of 0.0030493, indicating a bearish trend.
What is the support and resistance level for EP stock?
EMPIRE PETROLEUM CORP (EP) has a support level at 2.86 and a resistance level at 3.05. Check the full technical report for our detailed analysis of EP support and resistance levels.