EPAM SYSTEMS INC (EPAM) Stock Technical Analysis
NYSE:EPAM • US29414B1044
Taking everything into account, EPAM scores 0 out of 10 in our technical rating. EPAM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 90% of all other stocks performed better in the past year than EPAM.
- EPAM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month EPAM has a been trading in the 125.57 - 222.26 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- EPAM has an average volume of 1024300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EPAM is part of the IT Services industry. There are 87 other stocks in this industry, EPAM did better than 40% of them.
The technical rating of EPAM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
129.77
When analyzing the resistance we notice 2 important areas.
- Resistance @165.40 from a trend line in the daily time frame.
- Resistance @213.32 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 | DOWN | NEGATIVE | The long term trend for EPAM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EPAM is down. |
| ChartMill Relative Strength | 10.03 | NEGATIVE | EPAM has a low relative strength, it was outperformed by 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EPAM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EPAM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EPAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.49 | OVERSOLD | The low RSI value suggests EPAM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.16 | NEGATIVE | The MACD value suggests EPAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.62 | OVERSOLD | The low Stochastics value suggests EPAM may be oversold. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for EPAM suggests high volalility. |
| Average Directional Index/ADX (14) | 43.77 | POSITIVE | The high ADX value value for EPAM suggests a strong trend. |
131.08
+2.26 (+1.75%)
EPAM SYSTEMS INC / EPAM FAQ
What is the technical rating for EPAM stock?
ChartMill assigns a technical rating of 0 / 10 to EPAM.
What is the trend direction for EPAM stock?
The current trend direction for EPAM SYSTEMS INC (EPAM) is Bearish.
What is the RSI signal for EPAM stock?
EPAM SYSTEMS INC (EPAM) has an RSI value of 24.4862. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for EPAM SYSTEMS INC?
The buy/sell signal for EPAM SYSTEMS INC (EPAM) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for EPAM SYSTEMS INC (EPAM) stock?
EPAM SYSTEMS INC (EPAM) has a resistance level at 165.4. Check the full technical report for our detailed analysis of EPAM support and resistance levels.