EVOLUTION PETROLEUM CORP (EPM) Technical Analysis
NYSEARCA:EPM • US30049A1079
We assign a technical rating of 7 out of 10 to EPM. 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.
- EPM is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 74% are performing better than EPM.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month EPM has a been trading in the 3.95 - 4.80 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, EPM outperforms 49% of them, which is more or less in line with the market.
- EPM is currently trading in the middle 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 slightly.
EPM has an excellent technical rating, but the quality of the setup is only medium 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
4.21
We found 1 important support area.
- A support zone ranging from 4.25 to 4.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @4.65 from a horizontal line in the daily time frame.
- Resistance @4.83 from a trend line in the weekly time frame.
- Resistance @5.09 from a trend line in the weekly time frame.
- Resistance @5.31 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 | UP | POSITIVE | The long term trend for EPM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EPM is up. |
| ChartMill Relative Strength | 49.95 | 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 | POSITIVE | The current price of EPM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.81 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EPM has a positive trend. |
| Stochastics (14,3) | 76.06 | NEUTRAL | The Stochastics value for EPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 38.93 | POSITIVE | The high ADX value value for EPM suggests a strong trend. |
EPM Technicals: Chart, Performance Metrics, Trend & Indicators
4.64
+0.05 (+1.09%)
EVOLUTION PETROLEUM CORP / EPM 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 Bullish.
Can you provide the RSI signal for EVOLUTION PETROLEUM CORP?
EVOLUTION PETROLEUM CORP (EPM) has an RSI value of 66.8086. 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 0.00155953, indicating a bearish trend.
What is the buy/sell signal for EPM stock?
The buy/sell signal for EVOLUTION PETROLEUM CORP (EPM) is buy as both the short term and long term trends are positive.