ESCO TECHNOLOGIES INC (ESE) Stock Technical Analysis
USA - NYSE:ESE - US2963151046 - Common Stock
We assign a technical rating of 10 out of 10 to ESE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESE is showing a nice and steady performance.
ESE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 221.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 213.89, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
167.75
4 important support areas can be observed.
- A support zone ranging from 205.10 to 213.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @191.50 from a trend line in the daily time frame.
- Support @187.62 from a horizontal line in the daily time frame.
- Support @169.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 221.56 to 221.56. 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 ESE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESE is up. |
| ChartMill Relative Strength | 89.94 | POSITIVE | ESE has a high relative strength, it outperformed 89.94% 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) | 62.95 | NEUTRAL | The RSI value for ESE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests ESE has a positive trend. |
| Stochastics (14,3) | 82.71 | OVERBOUGHT | The high Stochastics value suggests ESE may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ESE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.3 | NEGATIVE | The low ADX value for ESE suggests a weak or negative 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 |
|---|---|---|---|
| 221.57 | 208.02 | 13.55 (6.12%) | 16.35% |
| An entry @221.57. This is a Buy Stop order right above the resistance zone. | An exit @208.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.55 points, which is 6.12%. | For a 1.00% total portfolio risk, you can invest 16.35% 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.
221.55
+2.36 (+1.08%)
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.
Can you provide the trend direction for ESCO TECHNOLOGIES INC?
The current trend direction for ESCO TECHNOLOGIES INC (ESE) is Bullish.
What is the RSI signal for ESCO TECHNOLOGIES INC (ESE) stock?
ESCO TECHNOLOGIES INC (ESE) has an RSI value of 62.9501. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ESCO TECHNOLOGIES INC?
The short term momentum for ESCO TECHNOLOGIES INC (ESE) is positive.
What is the support and resistance level for ESE stock?
ESCO TECHNOLOGIES INC (ESE) has a support level at 213.89 and a resistance level at 221.56. Check the full technical report for our detailed analysis of ESE support and resistance levels.