EUROSEAS LTD (ESEA) Stock Technical Analysis
USA - NASDAQ:ESEA - MHY235921357 - Common Stock
Overall ESEA gets a technical rating of 8 out of 10. 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.
ESEA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 64.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.29, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
54.98
We found 3 important support areas.
- Support @61.29 from a horizontal line in the daily time frame.
- Support @58.98 from a trend line in the daily time frame.
- Support @55.54 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.60 to 65.06. 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 | 87.06 | POSITIVE | ESEA has a high relative strength, it outperformed 87.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ESEA is below 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) | 53.21 | NEUTRAL | The RSI value for ESEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests ESEA has a negative trend. |
| Stochastics (14,3) | 29.16 | NEUTRAL | The Stochastics value for ESEA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ESEA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.53 | NEUTRAL | The ADX value for ESEA suggests a possible start of a new 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 |
|---|---|---|---|
| 65.07 | 61.28 | 3.79 (5.82%) | 17.17% |
| An entry @65.07. This is a Buy Stop order right above the resistance zone. | An exit @61.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.79 points, which is 5.82%. | When investing 17.17% 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.
NASDAQ:ESEA (9/25/2025, 8:00:02 PM)
62.32
+1.02 (+1.66%)