EMPIRE PETROLEUM CORP (EP) Stock Technical Analysis
NYSEARCA:EP - NYSE Arca - US2920343033 - Common Stock - Currency: USD
Taking everything into account, EP scores 8 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, EP is showing a nice and steady performance.
Warning: EP has an average volume of 20952 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
EP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 78% of 209 stocks in the same industry.
EP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that EP is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
EP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
5.54
7.87
When analyzing the support we can see 5 important areas.
- A support zone ranging from 6.78 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.36 to 6.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.94 from a trend line in the weekly time frame.
- Support @5.71 from a trend line in the daily time frame.
- Support @5.60 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @7.23 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.66 to 7.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.38
Mansfield1.32
10 Day High6.9
10 Day Low6.06
20 Day High6.9
20 Day Low5.54
52 Week High8.46
52 Week Low4.06
Performance
1 Week-1.3%
2 Weeks6.91%
1 Month14.84%
3 Month-2.01%
6 Month38.13%
12 Month17.82%
2 Year-45.12%
3 Year-63.76%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)58.08
LBB6.26
UBB6.93
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 |
|---|---|---|---|
| 7.24 | 6.77 | 0.47 (6.49%) | 15.40% |
| An entry @7.24. This is a Buy Stop order right above the resistance zone. | An exit @6.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 6.49%. | When investing 15.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of EP. Please evaluate whether better entry and exit points can be found.
- 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.
6.81
+0.04 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.59%
1 Week-1.3%
2 Weeks6.91%
1 Month14.84%
3 Month-2.01%
6 Month38.13%
12 Month17.82%
2 Year-45.12%
3 Year-63.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.84%
ATR Inc-46.54%
Range Today0.13
ADR(20)0.31
ADR(20)%4.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.38
Mansfield1.32
10 Day High6.9
10 Day Low6.06
20 Day High6.9
20 Day Low5.54
52 Week High8.46
52 Week Low4.06
CS1 End6.8
CR1 Start7.23
Volume & EV
DER(3)-0.21%
DER(5)-0.46%
Volume29.70K
Volume Incr-9.18%
Vol(5)16.08K
Vol(50)20.95K