IMPERIAL PETROLEUM INC (IMPP) Technical Analysis
NASDAQ:IMPP • MHY3894J1872
Current stock price
IMPP Technical Rating and Analysis
Overall IMPP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMPP is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, IMPP did better than 92% of all other stocks.
- IMPP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 209 stocks in the same industry.
- In the last month IMPP has a been trading in the 4.06 - 4.86 range, which is quite wide. It is currently trading near the high of this range.
- IMPP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IMPP is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
IMPP Weekly and Daily overview Charts
IMPP Setup Rating and Analysis
Although IMPP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
IMPP Support and Resistance Analysis
3.31
When analyzing the support we can see 7 important areas.
- Support @4.80 from a horizontal line in the daily time frame.
- A support zone ranging from 4.34 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.21 to 4.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.10 from a horizontal line in the daily time frame.
- Support @3.62 from a trend line in the weekly time frame.
- Support @3.50 from a trend line in the weekly time frame.
- Support @3.34 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.82 to 4.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
IMPP 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 IMPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMPP is up. |
| ChartMill Relative Strength | 92.71 | POSITIVE | IMPP has a high relative strength, it outperformed 92.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMPP is above the rising 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) | 65.73 | NEUTRAL | The RSI value for IMPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IMPP has a positive trend. |
| Stochastics (14,3) | 91.17 | OVERBOUGHT | The high Stochastics value suggests IMPP may be overbought. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for IMPP suggests some volalility. |
| Average Directional Index/ADX (14) | 13.6 | NEGATIVE | The low ADX value for IMPP suggests a weak or negative trend. |
IMPP Chart- and CandleStick Pattern Analysis
IMPP Technicals: Chart, Performance Metrics, Trend & Indicators
4.81
+0.21 (+4.57%)
IMPERIAL PETROLEUM INC / IMPP TA FAQ
Can you provide the ChartMill technical rating for IMPERIAL PETROLEUM INC?
ChartMill assigns a technical rating of 10 / 10 to IMPP.
What is the trend direction for IMPP stock?
The current trend direction for IMPERIAL PETROLEUM INC (IMPP) is Bullish.
What is the RSI signal for IMPP stock?
IMPERIAL PETROLEUM INC (IMPP) has an RSI value of 65.7335. This indicates that the stock is currently neutral.
What is the MACD signal for IMPP stock?
The MACD indicator for IMPERIAL PETROLEUM INC (IMPP) has a value of 0.0448323, indicating a bearish trend.
What is the buy/sell signal for IMPP stock?
The buy/sell signal for IMPERIAL PETROLEUM INC (IMPP) is buy as both the short term and long term trends are positive.