EVERSOURCE ENERGY (ES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ES - US30040W1080 - Common Stock
Taking everything into account, ES scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ES is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- ES 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 ES is lagging the market slightly.
- ES has an average volume of 2613010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ES outperforms 67% of them, which is more or less in line with the market.
- ES is an average performer in the Electric Utilities industry, it outperforms 60% of 46 stocks in the same industry.
- In the last month ES has a been trading in the 65.50 - 71.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ES does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 68.24 to 68.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.55 to 66.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.52 to 63.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.71 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @73.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 74.67 to 74.88. 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 ES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ES is up. |
| ChartMill Relative Strength | 67.28 | NEUTRAL | ES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ES is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.29 | NEUTRAL | The RSI value for ES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests ES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.48 | OVERBOUGHT | The high Stochastics value suggests ES may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ES suggests some volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for ES suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 71.61 | 68.23 | 3.38 (4.72%) | 21.19% |
| An entry @71.61. This is a Buy Stop order right above the 10 day high. | An exit @68.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.38 points, which is 4.72%. | When investing 21.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
69.58
-0.87 (-1.23%)
EVERSOURCE ENERGY / ES FAQ
What is the technical rating for ES stock?
ChartMill assigns a technical rating of 6 / 10 to ES.
What is the trend direction for ES stock?
The current trend direction for EVERSOURCE ENERGY (ES) is Bullish.
Can you provide the RSI signal for EVERSOURCE ENERGY?
EVERSOURCE ENERGY (ES) has an RSI value of 54.2856. This indicates that the stock is currently neutral.
What is the MACD signal for EVERSOURCE ENERGY (ES) stock?
The MACD indicator for EVERSOURCE ENERGY (ES) has a value of 0.303228, indicating a bearish trend.
What is the buy/sell signal for EVERSOURCE ENERGY (ES) stock?
The buy/sell signal for EVERSOURCE ENERGY (ES) is buy as both the short term and long term trends are positive.