EPSILON ENERGY LTD (EPSN) Stock Technical Analysis
NASDAQ:EPSN - Nasdaq - CA2943752097 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to EPSN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EPSN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EPSN did better than 88% of all other stocks. On top of that, EPSN also shows a nice and consistent pattern of rising prices.
EPSN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 213 stocks in the same industry.
EPSN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EPSN is leading the market.
In the last month EPSN has a been trading in the 6.33 - 7.35 range, which is quite wide. It is currently trading near the high of this range.
EPSN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.92, 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
5.16
7.38
When analyzing the support we can see 5 important areas.
- A support zone ranging from 6.76 to 6.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.47 to 6.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.11 to 6.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.00 from a horizontal line in the daily time frame.
- Support @5.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.10 to 7.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 EPSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EPSN is up. |
| ChartMill Relative Strength | 88.18 | POSITIVE | EPSN has a high relative strength, it outperformed 88.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EPSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EPSN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EPSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.39 | NEUTRAL | The RSI value for EPSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EPSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.75 | NEUTRAL | The Stochastics value for EPSN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for EPSN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for EPSN 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)
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 |
|---|---|---|---|
| 7.32 | 6.88 | 0.44 (6.01%) | 16.64% |
| An entry @7.32. This is a Buy Stop order right above the resistance zone. | An exit @6.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.44 points, which is 6.01%. | When investing 16.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
7.1
-0.2 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.74%
1 Week0.14%
2 Weeks2.31%
1 Month1%
3 Month7.58%
6 Month21.99%
12 Month32.22%
2 Year44.6%
3 Year1.72%
5 Year143.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.92%
ATR Inc-1.63%
Range Today0.26
ADR(20)0.27
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.18
Mansfield1.37
10 Day High7.35
10 Day Low6.89
20 Day High7.35
20 Day Low6.33
52 Week High7.35
52 Week Low4.95
CS1 End6.92
CR1 Start7.1
Volume & EV
DER(3)-1.94%
DER(5)-0.86%
Volume42.50K
Volume Incr13.61%
Vol(5)69.16K
Vol(50)61.26K