EVERSOURCE ENERGY (ES) Stock Technical Analysis
NYSE:ES • US30040W1080
We assign a technical rating of 10 out of 10 to ES. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ES did better than 77% of all other stocks. On top of that, ES also shows a nice and consistent pattern of rising prices.
- 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 66.60 - 76.41 range, which is quite wide. It is currently trading near the high of this range.
- ES has an average volume of 2574570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ES is part of the Electric Utilities industry. There are 46 other stocks in this industry, ES did better than 66% of them.
Although ES has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
56.14
5 important support areas can be observed.
- A support zone ranging from 68.09 to 68.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 65.89 to 66.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 63.53 to 64.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.40 from a horizontal line in the daily time frame.
- Support @56.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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.
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 | 77.21 | POSITIVE | ES has a high relative strength, it outperformed 77.21% 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) | 62.11 | NEUTRAL | The RSI value for ES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.12 | OVERBOUGHT | The high Stochastics value suggests ES may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ES suggests some volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for ES suggests a strong trend. |
74.73
+0.31 (+0.42%)
EVERSOURCE ENERGY / ES FAQ
What is the technical rating for ES stock?
ChartMill assigns a technical rating of 10 / 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 62.1101. 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 0.227666, 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.