EPAM SYSTEMS INC (EPAM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EPAM - US29414B1044 - Common Stock
Overall EPAM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EPAM is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- EPAM is part of the IT Services industry. There are 88 other stocks in this industry. EPAM outperforms 74% of them.
- In the last month EPAM has a been trading in the 199.79 - 222.53 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, EPAM outperforms 68% of them, which is more or less in line with the market.
- EPAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EPAM is lagging the market.
EPAM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 218.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 216.28, 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.
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143.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 212.51 to 216.28. 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 200.45 to 204.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.67 to 145.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 218.36 to 221.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 68.05 | NEUTRAL | EPAM is not amongst the best or worst performers 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) | 57.54 | NEUTRAL | The RSI value for EPAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests EPAM has a negative trend. |
| Stochastics (14,3) | 79.91 | NEUTRAL | The Stochastics value for EPAM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for EPAM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.71 | NEUTRAL | The ADX value for EPAM suggests a possible start of a new 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 |
|---|---|---|---|
| 221.42 | 212.50 | 8.92 (4.03%) | 24.82% |
| An entry @221.42. This is a Buy Stop order right above the resistance zone. | An exit @212.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.92 points, which is 4.03%. | When investing 24.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
218.35
+0.31 (+0.14%)
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 trend direction for 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 57.5413. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for EPAM SYSTEMS INC?
The buy/sell signal for EPAM SYSTEMS INC (EPAM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for EPAM SYSTEMS INC (EPAM) stock?
EPAM SYSTEMS INC (EPAM) has a support level at 216.28 and a resistance level at 218.36. Check the full technical report for our detailed analysis of EPAM support and resistance levels.