EUROSEAS LTD (ESEA)
MHY235921357 - Common Stock
We assign a technical rating of 7 out of 10 to ESEA. ESEA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ESEA did better than 92% of all other stocks. On top of that, ESEA also shows a nice and consistent pattern of rising prices.
ESEA is one of the better performing stocks in the Marine Transportation industry, it outperforms 71% of 29 stocks in the same industry.
ESEA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ESEA is lagging the market slightly.
In the last month ESEA has a been trading in the 32.69 - 37.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ESEA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.21, a Stop Loss order could be placed below this zone.
More info and screens
27.87
40.03
We found 4 important support areas.
- A support zone ranging from 35.02 to 35.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.79 to 34.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.99 from a trend line in the weekly time frame.
- Support @28.15 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @37.68 from a horizontal line in the daily time frame.
- Resistance @39.63 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.33
Mansfield1.29
10 Day High35.72
10 Day Low32.73
20 Day High37.59
20 Day Low32.69
52 Week High42.29
52 Week Low18.28
Performance
1 Week3.68%
2 Weeks7.38%
1 Month-5.2%
3 Month-9.67%
6 Month32.16%
12 Month91.26%
2 Year7.44%
3 Year124.05%
5 Year633.87%
10 Year-64.21%
15 Year-92.54%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)53.3
LBB32.58
UBB35.03
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 |
|---|---|---|---|
| 37.69 | 35.01 | 2.68 (7.11%) | 14.06% |
| An entry @37.69. This is a Buy Stop order right above the resistance zone. | An exit @35.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.68 points, which is 7.11%. | When investing 14.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
EUROSEAS LTD
NASDAQ:ESEA (5/2/2024, 7:00:01 PM)
35.22
+1.13 (+3.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg3.31%
1 Week3.68%
2 Weeks7.38%
1 Month-5.2%
3 Month-9.67%
6 Month32.16%
12 Month91.26%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.25
ATR(20)%3.53%
ATR Inc
Range Today1.62
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.72
10 Day Low32.73
20 Day High37.59
20 Day Low32.69
52 Week High42.29
52 Week Low18.28
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume24.70K
Volume Incr-10.2%
Vol(5)22.46K
Vol(50)33.95K