EP Energy Corporation Forecast and Stock Analysis
Technical EPE stock analysis for March 22, 2019.
|Shorts||13.91% ( 2019-02-28 )|
EP Energy Corporation fell by -12.53% in the last day from $0.42 to $0.36 and has now fallen 3 days in a row. The price has fallen in 8 of the last 10 days and is down by -42.37% for this period. Volume has increased in the last day by 142 803 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 978 221 shares bought and sold for approximately $355 192.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the EPE stock was $0.36. This is 12.53% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 17.55% from a day low at $0.36 to a day high of $0.42.
30 day high of the EPE stock price was $0.76 and low was $0.34.
90 day high was $1.09 and low was $0.34.
52 week high for the EP Energy Corporation - $3.50 and low - $0.34.
EP Energy Corporation lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.33 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.55% during the next 3 months and, with 90% probability hold a price between $0.21 and $0.46 at the end of this period.
There are few to none technical positive signals at the moment. EP Energy Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.44 and $0.62. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 20, 2019, which indicates further falls until a new bottom pivot has been found. EP Energy Corporation gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
EP Energy Corporation finds support from accumulated volume at $0.36.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 17.55%. For the last week, the stock has had a daily average volatility of 20.90%.
EP Energy Corporation is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
EP Energy Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.