EPAC Technical Analysis - ENERPAC TOOL GROUP CORP

Technical Rating and Analysis

Overall EPAC gets a technical rating of 2 out of 10. EPAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

EPAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month EPAC has a been trading in the 39.61 - 43.58 range, which is quite wide. It is currently trading near the lows of this range.

When compared to the yearly performance of all other stocks, EPAC outperforms 41% of them, which is more or less in line with the market.

EPAC is an average performer in the Machinery industry, it outperforms 52% of 129 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ENERPAC TOOL GROUP CORP / EPAC Weekly stock chart

ENERPAC TOOL GROUP CORP / EPAC Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, EPAC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.57

47.73

When analyzing the support we can see 2 important areas.

Support @38.49 from a trend line in the weekly time frame.
A support zone ranging from 36.94 to 37.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

A resistance zone ranging from 40.96 to 41.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @42.66 from a trend line in the weekly time frame.
A resistance zone ranging from 43.45 to 44.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @46.27 from a horizontal line in the weekly time frame.
Resistance @47.26 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 EPAC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EPAC is down.
ChartMill Relative Strength	41.17	NEUTRAL	EPAC is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EPAC is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of EPAC is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EPAC is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.72	NEUTRAL	The RSI value for EPAC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.3	NEGATIVE	The MACD value suggests EPAC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	13.52	OVERSOLD	The low Stochastics value suggests EPAC may be oversold.
Average True Range in percent/ATR (20)	2.59	MEDIUM VOLATILITY	The ATR as a percentage value for EPAC suggests some volalility.
Average Directional Index/ADX (14)	18.66	NEGATIVE	The low ADX value for EPAC suggests a weak or negative trend.