IMPERIAL PETROLEUM INC (IMPP) Stock Technical Analysis
NASDAQ:IMPP • MHY3894J1872
Taking everything into account, IMPP scores 1 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, IMPP is a bad performer in the overall market: 70% of all stocks are doing better.
- IMPP is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 67% are performing better than IMPP.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month IMPP has a been trading in the 3.15 - 3.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IMPP has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.18
2 important support areas can be observed.
- Support @3.32 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.21 to 3.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.76 to 3.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 IMPP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IMPP is neutral. |
| ChartMill Relative Strength | 30.07 | NEUTRAL | IMPP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IMPP is above 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 | MIXED | The current price of IMPP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.86 | 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) | 65.45 | NEUTRAL | The Stochastics value for IMPP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for IMPP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for IMPP suggests a possible start of a new trend. |
3.68
+0.05 (+1.38%)
IMPERIAL PETROLEUM INC / IMPP FAQ
Can you provide the ChartMill technical rating for IMPERIAL PETROLEUM INC?
ChartMill assigns a technical rating of 1 / 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 50.8621. 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 neutral.
Can you provide the support and resistance levels for IMPERIAL PETROLEUM INC?
IMPERIAL PETROLEUM INC (IMPP) has a support level at 3.32 and a resistance level at 3.76. Check the full technical report for our detailed analysis of IMPP support and resistance levels.