IMPERIAL PETROLEUM INC. - 1H - Technical analysis published on 02/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.79 USD
My targets
2.36 USD (+12.38%)
2.68 USD (+27.48%)
My analysis
The bullish trend is currently very strong on IMPERIAL PETROLEUM INC.. As long as the price remains above the support at 1.79 USD, you could try to benefit from the boom. The first bullish objective is located at 2.36 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.68 USD as an objective. Crossing it would then enable buyers to target 3.45 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The IMPERIAL PETROLEUM INC. rating is 2.10 USD. On the day, this instrument gained +33.76% and was traded between 1.38 USD and 2.23 USD over the period. The price is currently at +52.17% from its lowest and -5.83% from its highest.1.38
2.23
2.10
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IMPERIAL PETROLEUM INC.:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of IMPERIAL PETROLEUM INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.36 | 1.75 | 2.09 | 2.10 | 2.36 | 3.45 |
| Change (%) | -35.48% | -16.67% | -0.48% | - | +12.38% | +64.29% |
| Change | -0.75 | -0.35 | -0.01 | - | +0.26 | +1.35 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.73 | 1.05 | 1.58 | 1.90 | 2.43 | 2.75 | 3.28 |
| Camarilla | 1.87 | 1.94 | 2.02 | 2.10 | 2.18 | 2.26 | 2.33 |
| Woodie | 0.83 | 1.10 | 1.68 | 1.95 | 2.53 | 2.80 | 3.38 |
| Fibonacci | 1.05 | 1.38 | 1.58 | 1.90 | 2.23 | 2.43 | 2.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.52 | 0.05 | 1.08 | 1.65 | 2.68 | 3.25 | 4.28 |
| Camarilla | 1.66 | 1.81 | 1.95 | 2.10 | 2.25 | 2.39 | 2.54 |
| Woodie | -0.30 | 0.17 | 1.30 | 1.77 | 2.90 | 3.37 | 4.50 |
| Fibonacci | 0.05 | 0.67 | 1.04 | 1.65 | 2.27 | 2.64 | 3.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -2.36 | -0.71 | 0.14 | 1.79 | 2.64 | 4.29 | 5.14 |
| Camarilla | 0.29 | 0.52 | 0.75 | 0.98 | 1.21 | 1.44 | 1.67 |
| Woodie | -2.77 | -0.91 | -0.27 | 1.59 | 2.23 | 4.09 | 4.73 |
| Fibonacci | -0.71 | 0.25 | 0.84 | 1.79 | 2.75 | 3.34 | 4.29 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 78.83 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 30.98 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.65 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 1.44 | |
| Zig ZAG (10): | 2.12 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 85.90 | |
| TEMA (21): | 2.12 | |
| Williams %R (14): | -13.85 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | 12.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.9200 | |
| Courbe Coppock: | 131.98 |
| MA7: | 1.03 | |
| MA20: | 0.91 | |
| MA50: | 1.55 | |
| MA100: | - | |
| MAexp7: | 1.93 | |
| MAexp20: | 1.57 | |
| MAexp50: | 1.17 | |
| MAexp100: | 1.04 | |
| Price / MA7: | +103.88% | |
| Price / MA20: | +130.77% | |
| Price / MA50: | +35.48% | |
| Price / MA100: | - | |
| Price / MAexp7: | +8.81% | |
| Price / MAexp20: | +33.76% | |
| Price / MAexp50: | +79.49% | |
| Price / MAexp100: | +101.92% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on IMPERIAL PETROLEUM INC. at the time of the generation of this analysis was as follows:
- Imperial Petroleum Announces Closing of Upsized $12.0 Million Underwritten Public Offering
- Imperial Petroleum Announces Pricing of Upsized $12.0 Million Underwritten Public Offering
- Imperial Petroleum Inc. Reports Third Quarter and Nine Months 2021 Financial and Operating Results
- Imperial Petroleum Inc. Announces the Date for the Release of the Third Quarter and Nine Months 2021 Financial and Operating Results, Conference Call and Webcast.
- Imperial Petroleum - Correction Notice To Press Release Regarding Dividend Amount
This member declared not having a position on this financial instrument or a related financial instrument.
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