We assign a technical rating of 0 out of 10 to IMPP. IMPP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
IMPP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.70, a Stop Loss order could be placed below this zone.
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3.55
When analyzing the support we notice one important area.
- A support zone ranging from 3.59 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.78 to 3.83. 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 | DOWN | NEGATIVE | The long term trend for IMPP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMPP is down. |
| ChartMill Relative Strength | 34.59 | NEUTRAL | IMPP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMPP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMPP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.11 | NEUTRAL | The RSI value for IMPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests IMPP has a positive trend. |
| Stochastics (14,3) | 49.12 | NEUTRAL | The Stochastics value for IMPP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for IMPP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.66 | POSITIVE | The high ADX value value for IMPP suggests a strong trend. |
3.77
+0.02 (+0.53%)
IMPERIAL PETROLEUM INC / IMPP FAQ
Can you provide the ChartMill technical rating for IMPERIAL PETROLEUM INC?
ChartMill assigns a technical rating of 0 / 10 to IMPP.
What is the trend direction for IMPP stock?
The current trend direction for IMPERIAL PETROLEUM INC (IMPP) is Bearish.
Can you provide the RSI signal for IMPERIAL PETROLEUM INC?
IMPERIAL PETROLEUM INC (IMPP) has an RSI value of 37.1079. This indicates that the stock is currently neutral.
What is the short term momentum for IMPERIAL PETROLEUM INC (IMPP) stock?
The short term momentum for IMPERIAL PETROLEUM INC (IMPP) is negative.
Can you provide the support and resistance levels for IMPERIAL PETROLEUM INC?
IMPERIAL PETROLEUM INC (IMPP) has a support level at 3.7 and a resistance level at 3.78. Check the full technical report for our detailed analysis of IMPP support and resistance levels.