ESAB CORP (ESAB) Technical Analysis
NYSE:ESAB • US29605J1060
Current stock price
ESAB Technical Rating and Analysis
Taking everything into account, ESAB scores 0 out of 10 in our technical rating. ESAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ESAB is a bad performer in the overall market: 81% of all stocks are doing better.
- ESAB is one of the lesser performing stocks in the Machinery industry. 73% of 131 stocks in the same industry do better.
- ESAB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ESAB is lagging the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month ESAB has a been trading in the 89.41 - 112.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ESAB Weekly and Daily overview Charts
ESAB Setup Rating and Analysis
ESAB has a poor technical rating and the quality of the setup is also not perfect 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
ESAB Support and Resistance Analysis
90.43
We found 1 important support area.
- A support zone ranging from 91.34 to 91.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @101.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 114.60 to 115.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @131.22 from a horizontal line in the weekly time frame.
- Resistance @134.17 from a horizontal line in the daily time frame.
ESAB 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 | DOWN | NEGATIVE | The long term trend for ESAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESAB is down. |
| ChartMill Relative Strength | 19.78 | NEGATIVE | ESAB has a low relative strength, it was outperformed by 80.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ESAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.14 | NEUTRAL | The RSI value for ESAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests ESAB has a positive trend. |
| Stochastics (14,3) | 60.79 | NEUTRAL | The Stochastics value for ESAB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ESAB suggests some volalility. |
| Average Directional Index/ADX (14) | 42.57 | POSITIVE | The high ADX value value for ESAB suggests a strong trend. |
ESAB Chart- and CandleStick Pattern Analysis
ESAB Technicals: Chart, Performance Metrics, Trend & Indicators
98.37
-2.63 (-2.6%)
ESAB CORP / ESAB TA FAQ
What is the ChartMill technical rating of ESAB CORP (ESAB) stock?
ChartMill assigns a technical rating of 0 / 10 to ESAB.
Can you provide the trend direction for ESAB CORP?
The current trend direction for ESAB CORP (ESAB) is Bearish.
What is the RSI signal for ESAB CORP (ESAB) stock?
ESAB CORP (ESAB) has an RSI value of 42.1358. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ESAB CORP?
The buy/sell signal for ESAB CORP (ESAB) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ESAB stock?
ESAB CORP (ESAB) has a support level at 91.58 and a resistance level at 101. Check the full technical report for our detailed analysis of ESAB support and resistance levels.