EVOLUTION PETROLEUM CORP (EPM) Stock Technical Analysis
NYSEARCA:EPM - NYSE Arca - US30049A1079 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to EPM. EPM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, EPM is a bad performer in the overall market: 74% of all stocks are doing better.
In the last month EPM has a been trading in the 4.64 - 5.21 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
EPM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 46% of 210 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.
Although the technical rating is bad, EPM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.66, a Stop Loss order could be placed below this zone.
More info and screens
4.59
6.20
When analyzing the support we notice one important area.
- A support zone ranging from 4.64 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.85 to 4.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.01 to 5.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.15 to 5.20. 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 | NEUTRAL | NEUTRAL | The long term trend for EPM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EPM is neutral. |
| ChartMill Relative Strength | 26.89 | NEGATIVE | EPM has a low relative strength, it was outperformed by 73.11% off all stocks 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) | 51.47 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EPM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.55 | NEUTRAL | The Stochastics value for EPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.1 | NEGATIVE | The low ADX value for EPM suggests a weak or negative 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)
4.84
+0.02 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.41%
1 Week0.83%
2 Weeks-1.83%
1 Month-6.74%
3 Month12.04%
6 Month-13.42%
12 Month-13.88%
2 Year-48.18%
3 Year-28.3%
5 Year84.73%
10 Year-7.28%
15 Year-14.34%
Volatility
ATR(14)0.16
ATR(20)%3.54%
ATR Inc-55.26%
Range Today0.07
ADR(20)0.17
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.89
Mansfield-1.17
10 Day High5.02
10 Day Low4.66
20 Day High5.21
20 Day Low4.64
52 Week High6.14
52 Week Low4.05
CS1 End4.66
CR1 Start4.85
Volume & EV
DER(3)-0.62%
DER(5)-1.83%
Volume116.00K
Volume Incr-30.52%
Vol(5)147.80K
Vol(50)182.09K