ESAB CORP (ESAB) Technical Analysis
NYSE:ESAB • US29605J1060
Current stock price
ESAB Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ESAB. 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.
- When comparing the yearly performance of all stocks, ESAB is a bad performer in the overall market: 82% of all stocks are doing better.
- ESAB is part of the Machinery industry. There are 131 other stocks in this industry, of which 73% are performing better than ESAB.
- ESAB is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ESAB is lagging the market.
- In the last month ESAB has a been trading in the 97.54 - 136.91 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ESAB Weekly and Daily overview Charts
ESAB Setup Rating and Analysis
The technical rating of ESAB is bad and it also does not present a quality setup 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
96.95
We can see 4 important resistance areas.
- Resistance @115.63 from a horizontal line in the daily time frame.
- A resistance zone ranging from 117.72 to 120.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ESAB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESAB is down. |
| ChartMill Relative Strength | 18.72 | NEGATIVE | ESAB has a low relative strength, it was outperformed by 81.28% 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) | 22.19 | OVERSOLD | The low RSI value suggests ESAB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.62 | NEGATIVE | The MACD value suggests ESAB has a negative trend. |
| Stochastics (14,3) | 7.81 | OVERSOLD | The low Stochastics value suggests ESAB may be oversold. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for ESAB suggests high volalility. |
| Average Directional Index/ADX (14) | 32.22 | 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
97.93
-5.67 (-5.47%)
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 stock?
ESAB CORP (ESAB) has an RSI value of 22.1862. This indicates that the stock is currently oversold.
What is the MACD signal for ESAB stock?
The MACD indicator for ESAB CORP (ESAB) has a value of -2.6181, indicating a bearish trend.
Can you provide the support and resistance levels for ESAB CORP?
ESAB CORP (ESAB) has a resistance level at 115.63. Check the full technical report for our detailed analysis of ESAB support and resistance levels.