EUROSEAS LTD (ESEA) Stock Technical Analysis
NASDAQ:ESEA - Nasdaq - MHY235921357 - Common Stock - Currency: USD
Taking everything into account, ESEA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ESEA is only an average performer.
ESEA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.27, a Stop Loss order could be placed below this zone.
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27.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.06 to 38.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 38.76 to 39.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.65 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 | 66.76 | NEUTRAL | ESEA is not amongst the best or worst performers 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) | 65.13 | NEUTRAL | The RSI value for ESEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ESEA has a negative trend. |
| Stochastics (14,3) | 72.66 | NEUTRAL | The Stochastics value for ESEA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ESEA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.61 | POSITIVE | The high ADX value value for ESEA suggests a strong 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 |
|---|---|---|---|
| 39.01 | 37.39 | 1.62 (4.15%) | 24.08% |
| An entry @39.01. This is a Buy Stop order right above the resistance zone. | An exit @37.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.62 points, which is 4.15%. | For a 1.00% total portfolio risk, you can invest 24.08% of your capital in this trade. |
- 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 (6/2/2025, 4:04:01 PM)
38.56
+0.23 (+0.6%)