EVERSOURCE ENERGY (ES) Technical Analysis
NYSE:ES • US30040W1080
Current stock price
ES Technical Rating and Analysis
Taking everything into account, ES scores 1 out of 10 in our technical rating. ES has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- ES is one of the lesser performing stocks in the Electric Utilities industry. 60% of 47 stocks in the same industry do better.
- ES is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ES 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 ES is performing more or less in line with the market.
- ES has an average volume of 2787200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, ES outperforms 58% of them, which is more or less in line with the market.
ES Weekly and Daily overview Charts
ES Setup Rating and Analysis
Although the technical rating is bad, ES does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 67.02, a Stop Loss order could be placed below this zone.
More info and screens
ES Support and Resistance Analysis
56.14
3 important support areas can be observed.
- A support zone ranging from 66.04 to 67.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.86 to 63.53. 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 3 important resistance areas.
- A resistance zone ranging from 70.26 to 71.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.88 from a horizontal line in the daily time frame.
- A resistance zone ranging from 76.21 to 76.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
ES Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ES is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ES is down. |
| ChartMill Relative Strength | 58.88 | NEUTRAL | ES is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ES is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ES is below 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) | 45.43 | NEUTRAL | The RSI value for ES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for ES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ES suggests some volalility. |
| Average Directional Index/ADX (14) | 21.72 | NEUTRAL | The ADX value for ES suggests a possible start of a new trend. |
ES Chart- and CandleStick Pattern Analysis
ES Technicals: Chart, Performance Metrics, Trend & Indicators
69.47
-0.18 (-0.26%)
EVERSOURCE ENERGY / ES TA FAQ
What is the technical rating for ES stock?
ChartMill assigns a technical rating of 1 / 10 to ES.
What is the trend direction for ES stock?
The current trend direction for EVERSOURCE ENERGY (ES) is Bearish.
What is the RSI signal for ES stock?
EVERSOURCE ENERGY (ES) has an RSI value of 45.4269. This indicates that the stock is currently neutral.
What is the short term momentum for ES stock?
The short term momentum for EVERSOURCE ENERGY (ES) is negative.
What are the support and resistance levels for EVERSOURCE ENERGY (ES) stock?
EVERSOURCE ENERGY (ES) has a support level at 67.02 and a resistance level at 70.26. Check the full technical report for our detailed analysis of ES support and resistance levels.