ESCA Technical Analysis - ESCALADE INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ESCA. ESCA'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.

79% of all other stocks performed better in the past year than ESCA.

ESCA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

ESCA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: ESCA has an average volume of 14750 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

ESCA is part of the Leisure Products industry. There are 33 other stocks in this industry, ESCA did better than 46% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ESCA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.42

14.11

We found 2 important support areas.

Support @11.78 from a horizontal line in the daily time frame.
A support zone ranging from 11.54 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 12.29 to 12.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 13.18 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @13.97 from a trend line in the weekly time frame.

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What is Support and Resistance

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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 ESCA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ESCA is down.
ChartMill Relative Strength	21.1	NEGATIVE	ESCA has a low relative strength, it was outperformed by 78.9% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ESCA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ESCA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ESCA is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.55	NEUTRAL	The RSI value for ESCA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests ESCA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.5	OVERSOLD	The low Stochastics value suggests ESCA may be oversold.
Average True Range in percent/ATR (20)	3.86	MEDIUM VOLATILITY	The ATR as a percentage value for ESCA suggests some volalility.
Average Directional Index/ADX (14)	13.92	NEGATIVE	The low ADX value for ESCA suggests a weak or negative trend.