EVERSOURCE ENERGY (ES) Stock Technical Analysis
NYSE:ES - New York Stock Exchange, Inc. - US30040W1080 - Common Stock - Currency: USD
Taking everything into account, ES scores 8 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.
The long and short term trends are both positive. This is looking good!
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.
In the last month ES has a been trading in the 62.01 - 66.24 range, which is quite wide. It is currently trading near the high of this range.
ES has an average volume of 2919230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ES turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
ES is an average performer in the Electric Utilities industry, it outperforms 50% of 47 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
ES 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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
55.06
69.08
2 important support areas can be observed.
- A support zone ranging from 64.67 to 65.20. 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 55.62 to 56.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 65.37 to 65.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 67.09 to 68.40. 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 | 69.97 | 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) | UP | POSITIVE | The current price of ES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ES is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.16 | NEUTRAL | The RSI value for ES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ES has a negative trend. |
| Stochastics (14,3) | 79.97 | NEUTRAL | The Stochastics value for ES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for ES suggests low volalility. |
| Average Directional Index/ADX (14) | 29.3 | POSITIVE | The high ADX value value for ES suggests a strong 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 |
|---|---|---|---|
| 65.56 | 64.66 | 0.90 (1.37%) | 25.00% |
| An entry @65.56. This is a Buy Stop order right above the resistance zone. | An exit @64.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.90 points, which is 1.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- The distance between exit and entry is rather small compared to the average daily movement of ES. 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.
65.21
-0.59 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.9%
1 Week-0.43%
2 Weeks0.62%
1 Month4.54%
3 Month6.22%
6 Month9.56%
12 Month10.51%
2 Year-8.05%
3 Year-22.8%
5 Year-21.69%
10 Year43.6%
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%1.95%
ATR Inc-23.68%
Range Today1.2
ADR(20)1.22
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.97
Mansfield0.09
10 Day High66.24
10 Day Low63.76
20 Day High66.24
20 Day Low62.01
52 Week High69.01
52 Week Low52.28
CS1 End65.2
CR1 Start65.37
Volume & EV
DER(3)-1.57%
DER(5)-1.02%
Volume1.75M
Volume Incr-33.71%
Vol(5)1.75M
Vol(50)2.92M