EVOLUTION PETROLEUM CORP (EPM)       6.3  0 (0%)

6.3  0 (0%)

US30049A1079 - Common Stock

Technical Rating

Overall EPM gets a technical rating of 2 out of 10. Although EPM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.



Looking at the yearly performance, EPM did better than 96% of all other stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
EPM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 406 stocks in the same industry.
EPM is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so EPM is still doing slightly better than the market.
In the last month EPM has a been trading in the 6.10 - 7.50 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.

Statistics

1 Month 3 Months 6 Months 12 Months -9.87% -4.40% 7.69% 70.73% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.8 3.51 - 8.17
EPM Weekly chart
EPM Daily chart

Support/Resistance Analysis


4.50

7.44
We found 6 important support areas.
  • A support zone ranging from 6.25 to 6.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @6.08 from a trend line in the weekly time frame.
  • Support @5.93 from a trend line in the daily time frame.
  • Support @5.08 from a trend line in the weekly time frame.
  • Support @4.82 from a trend line in the daily time frame.
  • Support @4.55 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 6.65 to 6.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 6.90 to 7.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @7.37 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

EPM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.29, a Stop Loss order could be placed below this zone.


EPM Daily chart

EVOLUTION PETROLEUM CORP6.3

NYSEARCA:EPM (5/13/2022, 7:09:48 PM)0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 0% 1 Week -8.56%
2 Weeks -0.16% 1 Month -9.87%
3 Month -4.4% 6 Month 7.69%
Volatility
ATR(14) 0.39 ATR(20)% 6.22%
ATR Inc -17% Range Today 0.31
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.8 Mansfield 2.56
10 Day High 7.05 10 Day Low 6.1
20 Day High 7.5 20 Day Low 6.1
52 Week High 8.17 52 Week Low 3.51
CS1 End 6.29 CR1 Start 6.65
Volume & EV
DER(3) -6.54% DER(5) -5.64%
Volume 122.40K Volume Incr 15.35%
Vol(5) 190.46K Vol(50) 210.52K

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