EMPIRE PETROLEUM CORP (EP) Stock Technical Analysis
NYSEARCA:EP - US2920343033 - Common Stock
5.6 USD
+0.84 (+17.65%)
5.6 USD
0 (0%)
Taking everything into account, EP scores 5 out of 10 in our technical rating. In the past year, EP was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Warning: EP has an average volume of 25330 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 86% of 208 stocks in the same industry.
In the last month EP has a been trading in the 4.11 - 5.60 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, EP did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EP is lagging the market.
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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.39
7.80
3 important support areas can be observed.
- A support zone ranging from 4.74 to 4.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.54 from a trend line in the weekly time frame.
- Support @4.43 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.64 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.14 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for EP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EP is neutral. |
| ChartMill Relative Strength | 80.5 | POSITIVE | EP has a high relative strength, it outperformed 80.5% 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) | UP | POSITIVE | The current price of EP is above the rising 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) | 63.01 | NEUTRAL | The RSI value for EP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EP has a positive trend. |
| Stochastics (14,3) | 72.9 | NEUTRAL | The Stochastics value for EP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for EP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.65 | 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)
5.6
+0.84 (+17.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg17.65%
1 Week10.45%
2 Weeks23.89%
1 Month12.68%
3 Month38.27%
6 Month-12.09%
12 Month3.13%
2 Year-35.93%
3 Year-62.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%6.37%
ATR Inc64.37%
Range Today0.57
ADR(20)0.33
ADR(20)%5.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.5
Mansfield-0.96
10 Day High5.6
10 Day Low4.11
20 Day High5.6
20 Day Low4.11
52 Week High8.12
52 Week Low3.76
CS1 End4.74
CR1 Start5.64
Volume & EV
DER(3)-0.43%
DER(5)-2.24%
Volume42.40K
Volume Incr-11.57%
Vol(5)19.42K
Vol(50)25.33K