ESCO TECHNOLOGIES INC (ESE) Stock Technical Analysis
NYSE:ESE • US2963151046
We assign a technical rating of 10 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.
- Looking at the yearly performance, ESE did better than 91% of all other stocks. We also observe that the gains produced by ESE over the past year are nicely spread over this period.
- ESE is part of the Machinery industry. There are 130 other stocks in this industry. ESE outperforms 86% of them.
- ESE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ESE has a been trading in the 225.15 - 291.31 range, which is quite wide. It is currently trading near the high of this range.
ESE has an excellent technical rating and 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 283.19. Right above this resistance zone may be a good entry point.
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187.16
4 important support areas can be observed.
- A support zone ranging from 264.08 to 265.99. 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 200.86 to 205.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @196.11 from a horizontal line in the daily time frame.
- Support @189.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 283.19 to 285.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESE is up. |
| ChartMill Relative Strength | 91.25 | POSITIVE | ESE has a high relative strength, it outperformed 91.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.57 | NEUTRAL | The RSI value for ESE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests ESE has a negative trend. |
| Stochastics (14,3) | 72.22 | NEUTRAL | The Stochastics value for ESE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ESE suggests some volalility. |
| Average Directional Index/ADX (14) | 54.27 | POSITIVE | The high ADX value value for ESE suggests a strong trend. |
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 |
|---|---|---|---|
| 285.58 | 264.07 | 21.51 (7.53%) | 13.28% |
| An entry @285.58. This is a Buy Stop order right above the resistance zone. | An exit @264.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 21.51 points, which is 7.53%. | For a 1.00% total portfolio risk, you can invest 13.28% of your capital in this trade. |
- 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.
277.29
-2.81 (-1%)
ESCO TECHNOLOGIES INC / ESE FAQ
Can you provide the ChartMill technical rating for ESCO TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to ESE.
What is the current trend direction of ESCO TECHNOLOGIES INC (ESE) stock?
The current trend direction for ESCO TECHNOLOGIES INC (ESE) is Bullish.
What is the RSI signal for ESE stock?
ESCO TECHNOLOGIES INC (ESE) has an RSI value of 66.5684. This indicates that the stock is currently neutral.
What is the short term momentum for ESE stock?
The short term momentum for ESCO TECHNOLOGIES INC (ESE) is positive.
What are the support and resistance levels for ESCO TECHNOLOGIES INC (ESE) stock?
ESCO TECHNOLOGIES INC (ESE) has a support level at 265.99 and a resistance level at 283.19. Check the full technical report for our detailed analysis of ESE support and resistance levels.