EVOLUTION PETROLEUM CORP (EPM) Technical Analysis
NYSEARCA:EPM • US30049A1079
Current stock price
EPM Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to EPM. Although EPM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- EPM is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 67% are performing better than EPM.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, EPM did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- 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.
- In the last month EPM has a been trading in the 4.25 - 4.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EPM Weekly and Daily overview Charts
EPM Setup Rating and Analysis
EPM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.74. Right above this resistance zone may be a good entry point. 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
4.40
When analyzing the support we notice one important area.
- Support @4.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.74 to 4.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.08 from a trend line in the weekly time frame.
- Resistance @5.31 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for EPM is up. |
| ChartMill Relative Strength | 77.64 | POSITIVE | EPM has a high relative strength, it outperformed 77.64% 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) | UP | POSITIVE | The current price of EPM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EPM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for EPM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EPM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for EPM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for EPM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.79 | POSITIVE | The high ADX value value for EPM suggests a strong 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 |
|---|---|---|---|
| 4.83 | 4.43 | 0.40 (8.28%) | 12.08% |
| An entry @4.83. This is a Buy Stop order right above the resistance zone. | An exit @4.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.40 points, which is 8.28%. | For a 1.00% total portfolio risk, you can invest 12.08% of your capital in this trade. |
- 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
4.62
+0.02 (+0.43%)
EVOLUTION PETROLEUM CORP / EPM TA FAQ
What is the technical rating for EPM stock?
ChartMill assigns a technical rating of 8 / 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 58.4905. 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 -0.028501, 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.