EVOLUTION PETROLEUM CORP (EPM) Technical Analysis
NYSEARCA:EPM • US30049A1079
Current stock price
EPM Technical Rating and Analysis
Overall EPM gets a technical rating of 6 out of 10. In the last year, EPM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- EPM is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 78% of 209 stocks in the same industry do better.
- In the last month EPM has a been trading in the 4.37 - 4.86 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the performance of all stocks over the past year, EPM turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- 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 Weekly and Daily overview Charts
EPM Setup Rating and Analysis
EPM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EPM Support and Resistance Analysis
4.30
When analyzing the support we notice one important area.
- A support zone ranging from 4.34 to 4.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.54 to 4.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.78 to 4.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for EPM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EPM is neutral. |
| ChartMill Relative Strength | 55.97 | NEUTRAL | EPM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EPM is below a declining 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) | DOWN | NEGATIVE | The current price of EPM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.13 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EPM has a negative trend. |
| Stochastics (14,3) | 18.96 | OVERSOLD | The low Stochastics value suggests EPM may be oversold. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for EPM suggests a possible start of a new trend. |
EPM Chart- and CandleStick Pattern Analysis
EPM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.55 | 4.36 | 0.19 (4.24%) | 23.56% |
| An entry @4.55. This is a Buy Stop order right above the 10 day moving average. | An exit @4.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 4.24%. | For a 1.00% total portfolio risk, you can invest 23.56% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EPM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPM Technicals: Chart, Performance Metrics, Trend & Indicators
4.43
+0.06 (+1.37%)
EVOLUTION PETROLEUM CORP / EPM TA FAQ
What is the technical rating for EPM stock?
ChartMill assigns a technical rating of 6 / 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.
What is the RSI signal for EVOLUTION PETROLEUM CORP (EPM) stock?
EVOLUTION PETROLEUM CORP (EPM) has an RSI value of 47.1336. 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 neutral.
What is the support and resistance level for EPM stock?
EVOLUTION PETROLEUM CORP (EPM) has a support level at 4.42 and a resistance level at 4.54. Check the full technical report for our detailed analysis of EPM support and resistance levels.