EVOLUTION PETROLEUM - Daily - Technical analysis published on 01/15/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.25 USD
My targets
5.84 USD (+6.18%)
5.98 USD (+8.73%)
My analysis
A bullish trend on EVOLUTION PETROLEUM both in substance and in the short term. A purchase could be considered as long as the price remains above 5.25 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 5.84 USD. Then the price could move towards 5.98 USD. Then 7.10 USD by extension. Be careful, a return below 5.25 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 5.50 USD. The price is lower by -0.18% since the last closing and was between 5.47 USD and 5.54 USD. This implies that the price is at +0.55% from its lowest and at -0.72% from its highest.5.47
5.54
5.50
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
Here is a more detailed summary of the historical variations registered by EVOLUTION PETROLEUM:
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 Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.04 | 5.25 | 5.42 | 5.50 | 5.54 | 5.84 | 5.98 |
| Change (%) | -8.36% | -4.55% | -1.45% | - | +0.73% | +6.18% | +8.73% |
| Change | -0.46 | -0.25 | -0.08 | - | +0.04 | +0.34 | +0.48 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.30 | 5.35 | 5.43 | 5.48 | 5.56 | 5.61 | 5.69 |
| Camarilla | 5.47 | 5.49 | 5.50 | 5.51 | 5.52 | 5.53 | 5.55 |
| Woodie | 5.32 | 5.36 | 5.45 | 5.49 | 5.58 | 5.62 | 5.71 |
| Fibonacci | 5.35 | 5.40 | 5.43 | 5.48 | 5.53 | 5.56 | 5.61 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.82 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 11.10 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 5.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.11 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 5.04 | |
| Zig ZAG (10): | 5.51 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 93.35 | |
| TEMA (21): | 5.34 | |
| Williams %R (14): | -2.82 | |
| Chande Momentum Oscillator (20): | 0.51 | |
| Repulse (5,40,3): | 3.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 11.09 |
| MA7: | 5.37 | |
| MA20: | 5.20 | |
| MA50: | 5.42 | |
| MA100: | 5.28 | |
| MAexp7: | 5.38 | |
| MAexp20: | 5.31 | |
| MAexp50: | 5.34 | |
| MAexp100: | 5.31 | |
| Price / MA7: | +2.42% | |
| Price / MA20: | +5.77% | |
| Price / MA50: | +1.48% | |
| Price / MA100: | +4.17% | |
| Price / MAexp7: | +2.23% | |
| Price / MAexp20: | +3.58% | |
| Price / MAexp50: | +3.00% | |
| Price / MAexp100: | +3.58% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on EVOLUTION PETROLEUM at the time of the generation of this analysis was 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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