EXCELERATE ENERGY INC-A (EE) Stock Technical Analysis
NYSE:EE - New York Stock Exchange, Inc. - US30069T1016 - Common Stock - Currency: USD
Overall EE gets a technical rating of 6 out of 10. EE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EE is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. EE outperforms 91% of them.
EE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EE is performing more or less in line with the market.
Looking at the yearly performance, EE did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month EE has a been trading in the 24.76 - 30.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, EE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
23.34
32.65
We found 4 important support areas.
- Support @26.57 from a trend line in the weekly time frame.
- Support @25.61 from a trend line in the daily time frame.
- A support zone ranging from 24.70 to 24.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.58 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 28.92 to 29.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @31.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 31.71 to 32.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EE is neutral. |
| ChartMill Relative Strength | 90.45 | POSITIVE | EE has a high relative strength, it outperformed 90.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | NEUTRAL | The RSI value for EE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EE has a negative trend. |
| Stochastics (14,3) | 43.64 | NEUTRAL | The Stochastics value for EE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for EE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for EE suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 29.14 | 28.00 | 1.14 (3.91%) | 25.00% |
| An entry @29.14. This is a Buy Stop order right above the resistance zone. | An exit @28.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.14 points, which is 3.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- The distance between exit and entry is rather small compared to the average daily movement of EE. 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.
28.13
-0.58 (-2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.02%
1 Week-1.23%
2 Weeks-3.83%
1 Month10.05%
3 Month-8.31%
6 Month-9.17%
12 Month57.95%
2 Year51.56%
3 Year5.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%3.39%
ATR Inc-26.29%
Range Today0.87
ADR(20)0.9
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.45
Mansfield0.85
10 Day High30.11
10 Day Low28.01
20 Day High30.11
20 Day Low24.76
52 Week High32.99
52 Week Low16.75
CS1 End26.57
CR1 Start28.92
Volume & EV
DER(3)-0.84%
DER(5)-1.48%
Volume270.20K
Volume Incr-37.8%
Vol(5)239.36K
Vol(50)539.92K