EUROSEAS LTD (ESEA) Stock Technical Analysis
USA - NASDAQ:ESEA - MHY235921357 - Common Stock
Taking everything into account, ESEA scores 6 out of 10 in our technical rating. In the last year, ESEA was one of the better performers, but we do observe some doubts in the very recent evolution.
ESEA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 57.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ESEA in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
52.86
We found 3 important support areas.
- A support zone ranging from 56.58 to 57.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.04 from a trend line in the daily time frame.
- A support zone ranging from 53.39 to 53.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 59.03 to 59.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 64.60 to 65.07. 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 ESEA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESEA is neutral. |
| ChartMill Relative Strength | 87.53 | POSITIVE | ESEA has a high relative strength, it outperformed 87.53% 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) | DOWN | NEGATIVE | The current price of ESEA is below a declining 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) | 51.26 | NEUTRAL | The RSI value for ESEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests ESEA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.7 | NEUTRAL | The Stochastics value for ESEA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ESEA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for ESEA suggests a weak or negative 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 |
|---|---|---|---|
| 59.20 | 56.57 | 2.63 (4.44%) | 22.51% |
| An entry @59.20. This is a Buy Stop order right above the resistance zone. | An exit @56.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.63 points, which is 4.44%. | For a 1.00% total portfolio risk, you can invest 22.51% 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 (11/7/2025, 8:00:02 PM)
57.91
+0.99 (+1.74%)
EUROSEAS LTD / ESEA FAQ
What is the ChartMill technical rating of EUROSEAS LTD (ESEA) stock?
ChartMill assigns a technical rating of 6 / 10 to ESEA.
Can you provide the trend direction for EUROSEAS LTD?
The current trend direction for EUROSEAS LTD (ESEA) is Bullish.
Can you provide the RSI signal for EUROSEAS LTD?
EUROSEAS LTD (ESEA) has an RSI value of 51.2558. This indicates that the stock is currently neutral.
What is the short term momentum for ESEA stock?
The short term momentum for EUROSEAS LTD (ESEA) is neutral.
Can you provide the support and resistance levels for EUROSEAS LTD?
EUROSEAS LTD (ESEA) has a support level at 57.46 and a resistance level at 59.03. Check the full technical report for our detailed analysis of ESEA support and resistance levels.