IMPERIAL PETROLEUM INC (IMPP) Stock Technical Analysis
USA - NASDAQ:IMPP - MHY3894J1872 - Common Stock
Taking everything into account, IMPP scores 9 out of 10 in our technical rating. 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.
Although IMPP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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3.35
When analyzing the support we notice one important area.
- A support zone ranging from 3.38 to 3.42. This zone is formed by a combination of multiple trend lines 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 IMPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMPP is up. |
| ChartMill Relative Strength | 93.62 | POSITIVE | IMPP has a high relative strength, it outperformed 93.62% 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) | 64.44 | NEUTRAL | The RSI value for IMPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests IMPP has a positive trend. |
| Stochastics (14,3) | 71.46 | NEUTRAL | The Stochastics value for IMPP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for IMPP suggests high volalility. |
| Average Directional Index/ADX (14) | 35.72 | POSITIVE | The high ADX value value for IMPP suggests a strong trend. |
5.51
+0.29 (+5.56%)
IMPERIAL PETROLEUM INC / IMPP FAQ
Can you provide the ChartMill technical rating for IMPERIAL PETROLEUM INC?
ChartMill assigns a technical rating of 9 / 10 to IMPP.
What is the current trend direction of IMPERIAL PETROLEUM INC (IMPP) stock?
The current trend direction for IMPERIAL PETROLEUM INC (IMPP) is Bullish.
Can you provide the RSI signal for IMPERIAL PETROLEUM INC?
IMPERIAL PETROLEUM INC (IMPP) has an RSI value of 64.4429. This indicates that the stock is currently neutral.
What is the short term momentum for IMPP stock?
The short term momentum for IMPERIAL PETROLEUM INC (IMPP) is positive.
What is the buy/sell signal for IMPERIAL PETROLEUM INC (IMPP) stock?
The buy/sell signal for IMPERIAL PETROLEUM INC (IMPP) is buy as both the short term and long term trends are positive.