ELMIRA SAVINGS BANK (ESBK) Stock Technical Analysis
USA - NASDAQ:ESBK - US2896601026 - Common Stock
Taking everything into account, ESBK scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ESBK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ESBK 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 23.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.06, a Stop Loss order could be placed below this zone.
More info and screens
13.22
We found 3 important support areas.
- A support zone ranging from 22.76 to 23.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.80 from a trend line in the weekly time frame.
- Support @13.35 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.09 to 23.10. 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 ESBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESBK is up. |
| ChartMill Relative Strength | 96.74 | POSITIVE | ESBK has a high relative strength, it outperformed 96.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.1 | NEUTRAL | The RSI value for ESBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ESBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests ESBK may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for ESBK suggests low volalility. |
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 |
|---|---|---|---|
| 23.11 | 23.03 | 0.08 (0.35%) | 25.00% |
| An entry @23.11. This is a Buy Stop order right above the resistance zone. | An exit @23.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- 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.
NASDAQ:ESBK (5/13/2022, 8:10:00 PM)
23.08
+0.01 (+0.04%)
ELMIRA SAVINGS BANK / ESBK FAQ
What is the technical rating for ESBK stock?
ChartMill assigns a technical rating of 7 / 10 to ESBK.
What is the current trend direction of ELMIRA SAVINGS BANK (ESBK) stock?
The current trend direction for ELMIRA SAVINGS BANK (ESBK) is Bullish.
What is the RSI signal for ELMIRA SAVINGS BANK (ESBK) stock?
ELMIRA SAVINGS BANK (ESBK) has an RSI value of 63.099. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ELMIRA SAVINGS BANK?
The buy/sell signal for ELMIRA SAVINGS BANK (ESBK) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ESBK stock?
ELMIRA SAVINGS BANK (ESBK) has a support level at 23.06 and a resistance level at 23.09. Check the full technical report for our detailed analysis of ESBK support and resistance levels.