EPAM SYSTEMS INC (EPAM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EPAM - US29414B1044 - Common Stock
We assign a technical rating of 8 out of 10 to EPAM. Although EPAM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
EPAM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 211.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 204.91, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
141.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 204.32 to 204.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 143.33 to 144.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 211.42 to 212.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @226.43 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 | UP | POSITIVE | The long term trend for EPAM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EPAM is up. |
| ChartMill Relative Strength | 77.08 | POSITIVE | EPAM has a high relative strength, it outperformed 77.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EPAM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EPAM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EPAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.47 | NEUTRAL | The RSI value for EPAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.99 | NEGATIVE | The MACD value suggests EPAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.8 | NEUTRAL | The Stochastics value for EPAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for EPAM suggests some volalility. |
| Average Directional Index/ADX (14) | 37.18 | POSITIVE | The high ADX value value for EPAM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 212.16 | 204.31 | 7.85 (3.70%) | 25.00% |
| An entry @212.16. This is a Buy Stop order right above the resistance zone. | An exit @204.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.85 points, which is 3.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of EPAM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
211.41
+2.33 (+1.11%)
EPAM SYSTEMS INC / EPAM FAQ
What is the technical rating for EPAM stock?
ChartMill assigns a technical rating of 8 / 10 to EPAM.
What is the current trend direction of EPAM SYSTEMS INC (EPAM) stock?
The current trend direction for EPAM SYSTEMS INC (EPAM) is Bullish.
What is the RSI signal for EPAM stock?
EPAM SYSTEMS INC (EPAM) has an RSI value of 68.4743. This indicates that the stock is currently neutral.
What is the MACD signal for EPAM stock?
The MACD indicator for EPAM SYSTEMS INC (EPAM) has a value of -0.991797, indicating a bearish trend.
What is the buy/sell signal for EPAM SYSTEMS INC (EPAM) stock?
The buy/sell signal for EPAM SYSTEMS INC (EPAM) is buy as both the short term and long term trends are positive.