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. Both in the recent history as in the last year, ESEA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: ESEA has an average volume of 26620 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
ESEA is part of the Marine Transportation industry. There are 33 other stocks in this industry. ESEA outperforms 96% of them.
ESEA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ESEA is performing more or less in line with the market.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ESEA is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ESEA has a been trading in the 37.40 - 50.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ESEA has an excellent technical rating, it does not offer a high quality setup 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
27.46
46.71
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.92 to 44.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.74 from a trend line in the weekly 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 | 92.74 | POSITIVE | ESEA has a high relative strength, it outperformed 92.74% 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) | UP | POSITIVE | The current price of ESEA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.83 | OVERBOUGHT | The high RSI value suggests ESEA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests ESEA has a positive trend. |
| Stochastics (14,3) | 59.35 | NEUTRAL | The Stochastics value for ESEA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ESEA suggests some volalility. |
| Average Directional Index/ADX (14) | 60.84 | 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)
NASDAQ:ESEA (6/23/2025, 8:07:49 PM)
46.25
+1.47 (+3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg3.28%
1 Week6.05%
2 Weeks13.22%
1 Month20.79%
3 Month50.55%
6 Month33.17%
12 Month32.48%
2 Year113.23%
3 Year93.51%
5 Year1735.32%
10 Year-23.93%
15 Year-83.58%
Volatility
ATR(14)1.88
ATR(20)%3.36%
ATR Inc32.29%
Range Today1.87
ADR(20)1.52
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.74
Mansfield1.65
10 Day High50.82
10 Day Low40.86
20 Day High50.82
20 Day Low37.4
52 Week High50.92
52 Week Low26.3
CS1 End44.06
CR1 StartN/A
Volume & EV
DER(3)-2.8%
DER(5)-2.84%
Volume52.70K
Volume Incr187.11%
Vol(5)64.80K
Vol(50)26.62K