ESAB CORP (ESAB) Stock Technical Analysis
NYSE:ESAB - New York Stock Exchange, Inc. - US29605J1060 - Common Stock - Currency: USD
Overall ESAB gets a technical rating of 6 out of 10. Although ESAB has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ESAB is part of the Machinery industry. There are 128 other stocks in this industry. ESAB outperforms 86% of them.
ESAB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ESAB slightly outperforms the market at the moment.
In the last month ESAB has a been trading in the 100.17 - 124.96 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ESAB is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ESAB has an average technical rating and it also does not offer a high 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
100.73
132.54
When analyzing the support we can see 5 important areas.
- A support zone ranging from 117.79 to 118.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 114.95 to 115.83. 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 109.46 to 109.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 105.65 to 107.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @125.30 from a horizontal line in the daily time frame.
- A resistance zone ranging from 131.00 to 131.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.19
Mansfield1.07
10 Day High124.96
10 Day Low108.74
20 Day High124.96
20 Day Low100.17
52 Week High135.97
52 Week Low88.54
Performance
1 Week3.18%
2 Weeks9.16%
1 Month9.66%
3 Month-0.06%
6 Month0.26%
12 Month17.94%
2 Year110.78%
3 Year147.54%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.12
RSI(14)59.35
LBB109.62
UBB124.06
123.77
+5.54 (+4.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg4.69%
1 Week3.18%
2 Weeks9.16%
1 Month9.66%
3 Month-0.06%
6 Month0.26%
12 Month17.94%
2 Year110.78%
3 Year147.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.28
ATR(20)%4.58%
ATR Inc69.91%
Range Today4.67
ADR(20)5.25
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.19
Mansfield1.07
10 Day High124.96
10 Day Low108.74
20 Day High124.96
20 Day Low100.17
52 Week High135.97
52 Week Low88.54
CS1 End118.82
CR1 Start125.3
Volume & EV
DER(3)0.25%
DER(5)1.62%
Volume335.60K
Volume Incr-3.92%
Vol(5)352.12K
Vol(50)373.52K