EVOLUTION PETROLEUM CORP (EPM) Technical Analysis
NYSEARCA:EPM • US30049A1079
Current stock price
EPM Technical Rating and Analysis
Overall EPM gets a technical rating of 7 out of 10. In the last year, EPM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month EPM has a been trading in the 4.04 - 4.86 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that EPM is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- EPM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 209 stocks in the same industry.
- 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 Weekly and Daily overview Charts
EPM Setup Rating and Analysis
Although EPM has an excellent technical rating, it does not present a decent entry opportunity 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
EPM Support and Resistance Analysis
4.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.46 to 4.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.26 from a trend line in the daily time frame.
- A support zone ranging from 4.12 to 4.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.93 from a horizontal line in the daily time frame.
- Resistance @5.03 from a trend line in the weekly time frame.
- Resistance @5.31 from a horizontal line in the weekly time frame.
EPM Technical Indicator Signal Analysis
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 | 74.29 | POSITIVE | EPM has a high relative strength, it outperformed 74.29% off all stocks 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 | POSITIVE | The current price of EPM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.95 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EPM has a positive trend. |
| Stochastics (14,3) | 94.04 | OVERBOUGHT | The high Stochastics value suggests EPM may be overbought. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for EPM suggests a weak or negative trend. |
EPM Chart- and CandleStick Pattern Analysis
EPM Technicals: Chart, Performance Metrics, Trend & Indicators
4.84
+0.04 (+0.83%)
EVOLUTION PETROLEUM CORP / EPM TA FAQ
What is the technical rating for EPM stock?
ChartMill assigns a technical rating of 7 / 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.
What is the RSI signal for EVOLUTION PETROLEUM CORP (EPM) stock?
EVOLUTION PETROLEUM CORP (EPM) has an RSI value of 62.9514. This indicates that the stock is currently neutral.
What is the short term momentum for EPM stock?
The short term momentum for EVOLUTION PETROLEUM CORP (EPM) is positive.
What is the support and resistance level for EPM stock?
EVOLUTION PETROLEUM CORP (EPM) has a support level at 4.52 and a resistance level at 4.93. Check the full technical report for our detailed analysis of EPM support and resistance levels.