EOS ENERGY ENTERPRISES INC (EOSE) Stock Technical Analysis
NASDAQ:EOSE - US29415C1018 - Common Stock
6.27 USD
-0.05 (-0.79%)
6.28 USD
+0.01 (+0.16%)
We assign a technical rating of 10 out of 10 to EOSE. Both in the recent history as in the last year, EOSE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EOSE is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, EOSE also shows a nice and consistent pattern of rising prices.
EOSE is part of the Electrical Equipment industry. There are 93 other stocks in this industry. EOSE outperforms 88% of them.
EOSE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EOSE is lagging the market slightly.
EOSE has an average volume of 13944300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EOSE has a been trading in the 5.27 - 6.91 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.
EOSE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 6.16, a Stop Loss order could be placed below this zone.
More info and screens
3.78
6.50
5 important support areas can be observed.
- A support zone ranging from 6.16 to 6.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.66 to 5.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.50 to 5.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.57 from a trend line in the weekly time frame.
- Support @3.82 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @6.44 from a trend line in the daily time frame.
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 EOSE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EOSE is up. |
| ChartMill Relative Strength | 96.37 | POSITIVE | EOSE has a high relative strength, it outperformed 96.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EOSE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EOSE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EOSE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.22 | NEUTRAL | The RSI value for EOSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EOSE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.58 | NEUTRAL | The Stochastics value for EOSE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.48 | HIGH VOLATILITY | The high ATR as a percentage value for EOSE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.29 | NEGATIVE | The low ADX value for EOSE 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 |
|---|---|---|---|
| 6.45 | 6.15 | 0.30 (4.65%) | 21.50% |
| An entry @6.45. This is a Buy Stop order right above the resistance zone. | An exit @6.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.30 points, which is 4.65%. | For a 1.00% total portfolio risk, you can invest 21.50% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EOSE. 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.
6.27
-0.05 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.79%
1 Week-0.95%
2 Weeks-1.26%
1 Month1.46%
3 Month50.72%
6 Month43.48%
12 Month134.83%
2 Year92.92%
3 Year204.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%7.48%
ATR Inc-26.63%
Range Today0.24
ADR(20)0.44
ADR(20)%7.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.37
Mansfield2.86
10 Day High6.61
10 Day Low5.77
20 Day High6.91
20 Day Low5.27
52 Week High7.36
52 Week Low2.06
CS1 End6.16
CR1 Start6.44
Volume & EV
DER(3)2.21%
DER(5)0.3%
Volume5.35M
Volume Incr-51.67%
Vol(5)6.77M
Vol(50)13.94M