EVOLUTION PETROLEUM CORP (EPM) Stock Technical Analysis
NYSEARCA:EPM - NYSE Arca - US30049A1079 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to EPM. 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: 76% of all stocks are doing better.
EPM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EPM is lagging the market.
In the last month EPM has a been trading in the 4.05 - 4.64 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EPM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 46% of 213 stocks in the same industry.
The technical rating of EPM 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
4.02
6.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.37 to 4.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.58 to 4.58. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @4.71 from a trend line in the daily time frame.
- A resistance zone ranging from 5.19 to 5.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.14 from a horizontal 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 EPM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EPM is up. |
| ChartMill Relative Strength | 24.45 | NEGATIVE | EPM has a low relative strength, it was outperformed by 75.55% 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) | DOWN | MIXED | The current price of EPM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EPM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.12 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EPM has a positive trend. |
| Stochastics (14,3) | 79.24 | NEUTRAL | The Stochastics value for EPM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.07 | NEUTRAL | The ADX value for EPM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.57
+0.08 (+1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.78%
1 Week6.03%
2 Weeks1.56%
1 Month7.78%
3 Month-6.73%
6 Month-18.68%
12 Month-14.42%
2 Year-43.37%
3 Year-16.3%
5 Year63.21%
10 Year-30.65%
15 Year-8.78%
Volatility
ATR(14)0.12
ATR(20)%2.72%
ATR Inc-16.84%
Range Today0.16
ADR(20)0.11
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.45
Mansfield-1.4
10 Day High4.64
10 Day Low4.25
20 Day High4.64
20 Day Low4.05
52 Week High6.14
52 Week Low4.05
CS1 End4.48
CR1 Start4.58
Volume & EV
DER(3)1.9%
DER(5)2.75%
Volume146.09K
Volume Incr-4.86%
Vol(5)156.44K
Vol(50)176.84K