EVOLUTION PETROLEUM CORP (EPM) Stock Technical Analysis
NYSEARCA:EPM • US30049A1079
Taking everything into account, EPM scores 5 out of 10 in our technical rating. In the past year, EPM 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.
- When comparing the yearly performance of all stocks, EPM is a bad performer in the overall market: 62% of all stocks are doing better.
- EPM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 70% of 206 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month EPM has a been trading in the 3.66 - 4.62 range, which is quite wide. It is currently trading near the high of this range.
- EPM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EPM is lagging the market.
EPM has an average technical rating and it also does not offer a high 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
3.91
When analyzing the support we notice one important area.
- Support @3.95 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @4.44 from a horizontal line in the weekly time frame.
- Resistance @4.53 from a horizontal line in the daily time frame.
- Resistance @4.89 from a trend line in the weekly time frame.
- Resistance @5.12 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 | NEUTRAL | NEUTRAL | The long term trend for EPM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EPM is up. |
| ChartMill Relative Strength | 38.85 | NEUTRAL | EPM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EPM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EPM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EPM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.9 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EPM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.03 | OVERBOUGHT | The high Stochastics value suggests EPM may be overbought. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 39.71 | POSITIVE | The high ADX value value for EPM suggests a strong trend. |
4.43
-0.09 (-1.99%)
EVOLUTION PETROLEUM CORP / EPM FAQ
What is the technical rating for EPM stock?
ChartMill assigns a technical rating of 5 / 10 to EPM.
What is the current trend direction of EVOLUTION PETROLEUM CORP (EPM) stock?
The current trend direction for EVOLUTION PETROLEUM CORP (EPM) is Bearish.
Can you provide the RSI signal for EVOLUTION PETROLEUM CORP?
EVOLUTION PETROLEUM CORP (EPM) has an RSI value of 66.8957. This indicates that the stock is currently neutral.
What is the MACD signal for EVOLUTION PETROLEUM CORP (EPM) stock?
The MACD indicator for EVOLUTION PETROLEUM CORP (EPM) has a value of 0.0441859, indicating a bearish trend.