EUROSEAS LTD (ESEA) Stock Technical Analysis
NASDAQ:ESEA - Nasdaq - MHY235921357 - Common Stock - Currency: USD
Taking everything into account, ESEA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESEA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ESEA is one of the better performing stocks in the Marine Transportation industry, it outperforms 91% of 36 stocks in the same industry.
ESEA 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 ESEA has a been trading in the 43.60 - 50.50 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ESEA did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ESEA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 49.41, a Stop Loss order could be placed below this zone.
More info and screens
27.59
50.91
We found 3 important support areas.
- A support zone ranging from 48.56 to 49.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.71 from a horizontal line in the daily time frame.
- Support @27.87 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @49.43 from a horizontal line in the weekly time frame.
- Resistance @50.41 from a horizontal line 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 ESEA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESEA is up. |
| ChartMill Relative Strength | 91.05 | POSITIVE | ESEA has a high relative strength, it outperformed 91.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESEA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ESEA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.87 | NEUTRAL | The RSI value for ESEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ESEA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.35 | OVERBOUGHT | The high Stochastics value suggests ESEA may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ESEA suggests some volalility. |
| Average Directional Index/ADX (14) | 49.15 | POSITIVE | The high ADX value value for ESEA suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 49.44 | 48.55 | 0.89 (1.80%) | 25.00% |
| An entry @49.44. This is a Buy Stop order right above the resistance zone. | An exit @48.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.89 points, which is 1.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.45%. |
- The distance between exit and entry is rather small compared to the average daily movement of ESEA. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:ESEA (7/18/2025, 8:00:01 PM)
49.42
-0.13 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.26%
1 Week0.63%
2 Weeks4.03%
1 Month8.16%
3 Month68.1%
6 Month49.71%
12 Month30.05%
2 Year124.53%
3 Year100.08%
5 Year1730.37%
10 Year-4.37%
15 Year-82.5%
Volatility
ATR(14)1.79
ATR(20)%3.72%
ATR Inc-29.94%
Range Today1.03
ADR(20)1.74
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.05
Mansfield1.84
10 Day High50.5
10 Day Low46.59
20 Day High50.5
20 Day Low43.6
52 Week High50.92
52 Week Low26.3
CS1 End49.41
CR1 Start49.43
Volume & EV
DER(3)1.16%
DER(5)0.3%
Volume30.40K
Volume Incr-30.27%
Vol(5)36.48K
Vol(50)36.31K