ESE Technical Analysis - ESE ENTERTAINMENT INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ESE. Both in the recent history as in the last year, ESE has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

ESE is part of the Entertainment industry. There are 12 other stocks in this industry. ESE outperforms 100% of them.

ESE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESE is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that ESE is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month ESE has a been trading in the 0.06 - 0.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ESE ENTERTAINMENT INC / ESE Weekly stock chart

ESE ENTERTAINMENT INC / ESE Daily stock chart

Setup Rating and Analysis

Although ESE has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.15

We found 2 important support areas.

A support zone ranging from 0.08 to 0.08. 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 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for ESE.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ESE.CA is up.
ChartMill Relative Strength	92.78	POSITIVE	ESE.CA has a high relative strength, it outperformed 92.78% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ESE.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ESE.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ESE.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.02	NEUTRAL	The RSI value for ESE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ESE.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	61.33	NEUTRAL	The Stochastics value for ESE.CA is a neutral value.
Average True Range in percent/ATR (20)	11.72	HIGH VOLATILITY	The high ATR as a percentage value for ESE.CA suggests high volalility.
Average Directional Index/ADX (14)	28.2	POSITIVE	The high ADX value value for ESE.CA suggests a strong trend.