EVERSOURCE ENERGY (ES) Stock Technical Analysis
USA - NYSE:ES - US30040W1080 - Common Stock
Taking everything into account, ES scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ES has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ES also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 74.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.39, a Stop Loss order could be placed below this zone.
More info and screens
56.14
We found 7 important support areas.
- A support zone ranging from 72.46 to 73.39. 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 70.38 to 70.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.75 to 66.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.55 from a horizontal line in the daily time frame.
- A support zone ranging from 62.52 to 63.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.35 from a horizontal line in the daily time frame.
- A support zone ranging from 56.71 to 57.55. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- 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 | 77.83 | POSITIVE | ES has a high relative strength, it outperformed 77.83% off all stocks 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) | UP | POSITIVE | The current price of ES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.23 | NEUTRAL | The RSI value for ES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.78 | NEUTRAL | The Stochastics value for ES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ES suggests low volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for ES suggests a strong 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 |
|---|---|---|---|
| 74.89 | 72.45 | 2.44 (3.26%) | 25.00% |
| An entry @74.89. This is a Buy Stop order right above the resistance zone. | An exit @72.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.44 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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.
73.61
+0.28 (+0.38%)
EVERSOURCE ENERGY / ES FAQ
What is the technical rating for ES stock?
ChartMill assigns a technical rating of 10 / 10 to ES.
Can you provide the trend direction for EVERSOURCE ENERGY?
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 56.2268. This indicates that the stock is currently neutral.
What is the buy/sell signal for ES stock?
The buy/sell signal for EVERSOURCE ENERGY (ES) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ES stock?
EVERSOURCE ENERGY (ES) has a support level at 73.39 and a resistance level at 74.67. Check the full technical report for our detailed analysis of ES support and resistance levels.