ESCO TECHNOLOGIES INC (ESE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ESE • US2963151046
Overall ESE gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ESE is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, ESE also shows a nice and consistent pattern of rising prices.
- ESE is part of the Machinery industry. There are 132 other stocks in this industry. ESE outperforms 92% of them.
- ESE is currently making a new 52 week high. This is a strong signal. 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 194.36 - 231.64 range, which is quite wide. It is currently trading near the high of this range.
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.
More info and screens
183.19
When analyzing the support we can see 4 important areas.
- Support @205.11 from a horizontal line in the daily time frame.
- A support zone ranging from 199.39 to 200.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 195.38 to 196.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @185.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 228.18 to 229.97. 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 | 90.88 | POSITIVE | ESE has a high relative strength, it outperformed 90.88% 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) | 66.94 | NEUTRAL | The RSI value for ESE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests ESE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.21 | OVERBOUGHT | The high Stochastics value suggests ESE may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ESE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.97 | POSITIVE | The high ADX value value for ESE suggests a strong trend. |
228.17
-1.79 (-0.78%)
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 66.9438. 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 205.11 and a resistance level at 228.18. Check the full technical report for our detailed analysis of ESE support and resistance levels.