EVOLUTION PETROLEUM - 1H - Technical analysis published on 01/14/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 5.25 USD
My targets
5.46 USD (+0.92%)
5.54 USD (+2.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EVOLUTION PETROLEUM as long as the price remains well above 5.25 USD. The buyers' bullish objective is set at 5.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.54 USD. If there is any crossing, the next objective would be the resistance located at 5.62 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EVOLUTION PETROLEUM price is 5.41 USD. The price registered a decrease of -0.73% on the session and was traded between 5.41 USD and 5.48 USD over the period. The price is currently at 0% from its lowest and -1.28% from its highest.5.41
5.48
5.41
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EVOLUTION PETROLEUM in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.82 | 5.04 | 5.25 | 5.41 | 5.46 | 5.54 | 5.62 |
| Change (%) | -10.91% | -6.84% | -2.96% | - | +0.92% | +2.40% | +3.88% |
| Change | -0.59 | -0.37 | -0.16 | - | +0.05 | +0.13 | +0.21 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.26 | 5.30 | 5.38 | 5.42 | 5.50 | 5.54 | 5.62 |
| Camarilla | 5.42 | 5.43 | 5.44 | 5.45 | 5.46 | 5.47 | 5.48 |
| Woodie | 5.27 | 5.31 | 5.39 | 5.43 | 5.51 | 5.55 | 5.63 |
| Fibonacci | 5.30 | 5.35 | 5.38 | 5.42 | 5.47 | 5.50 | 5.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.05 | 5.15 | 5.26 | 5.36 | 5.47 | 5.57 | 5.68 |
| Camarilla | 5.31 | 5.33 | 5.35 | 5.37 | 5.39 | 5.41 | 5.43 |
| Woodie | 5.06 | 5.15 | 5.27 | 5.36 | 5.48 | 5.57 | 5.69 |
| Fibonacci | 5.15 | 5.23 | 5.28 | 5.36 | 5.44 | 5.49 | 5.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.85 | 4.34 | 4.78 | 5.27 | 5.71 | 6.20 | 6.64 |
| Camarilla | 4.97 | 5.06 | 5.15 | 5.23 | 5.32 | 5.40 | 5.49 |
| Woodie | 3.84 | 4.33 | 4.77 | 5.26 | 5.70 | 6.19 | 6.63 |
| Fibonacci | 4.34 | 4.69 | 4.91 | 5.27 | 5.62 | 5.84 | 6.20 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.51 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 17.81 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.35 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 5.28 | |
| Zig ZAG (10): | 5.44 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 5.44 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.04 |
| MA7: | 5.36 | |
| MA20: | 5.20 | |
| MA50: | 5.42 | |
| MA100: | 5.28 | |
| MAexp7: | 5.42 | |
| MAexp20: | 5.39 | |
| MAexp50: | 5.33 | |
| MAexp100: | 5.30 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | +4.04% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | +2.46% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +1.50% | |
| Price / MAexp100: | +2.08% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on EVOLUTION PETROLEUM at the time of the analysis were as follows:
- Evolution Petroleum to Participate in Water Tower Research Fireside Chat on November 20th
- Evolution Petroleum Reports First Quarter Fiscal 2025 Results and Declares Quarterly Cash Dividend for the Fiscal 2025 Second Quarter
- Evolution Petroleum Schedules Fiscal First Quarter 2025 Earnings Release and Conference Call
- Evolution Petroleum Reports Fourth Quarter and Full Year Fiscal 2024 Results and Declares Quarterly Cash Dividend for the Fiscal 2025 First Quarter
- Evolution Petroleum Schedules Fiscal Year End 2024 Earnings Release and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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