EPAM SYSTEMS INC (EPAM) Stock Technical Analysis
NYSE:EPAM - New York Stock Exchange, Inc. - US29414B1044 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to EPAM. In the past year, EPAM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, EPAM does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 185.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 185.88, a Stop Loss order could be placed below this zone.
More info and screens
178.45
When analyzing the support we notice one important area.
- A support zone ranging from 180.25 to 185.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 185.90 to 186.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @253.77 from a trend line in the weekly time frame.
185.89
+2.14 (+1.16%)