ELEMENT SOLUTIONS INC (ESI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ESI • US28618M1062
Overall ESI gets a technical rating of 7 out of 10. Although ESI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ESI is part of the Chemicals industry. There are 83 other stocks in this industry. ESI outperforms 70% of them.
- A new 52 week high is currently being made by ESI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ESI has a been trading in the 27.74 - 30.93 range, which is quite wide. It is currently trading near the high of this range.
- ESI has an average volume of 2076380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ESI did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
ESI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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
22.92
4 important support areas can be observed.
- A support zone ranging from 27.99 to 28.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.71 to 26.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.94 from a trend line in the daily time frame.
- Support @23.15 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 ESI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESI is neutral. |
| ChartMill Relative Strength | 77.76 | POSITIVE | ESI has a high relative strength, it outperformed 77.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.82 | NEUTRAL | The RSI value for ESI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ESI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.13 | NEUTRAL | The Stochastics value for ESI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ESI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for ESI 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 |
|---|---|---|---|
| 30.95 | 27.89 | 3.06 (9.87%) | 10.13% |
| An entry @30.95. This is a Buy Stop order right above the 10 day high. | An exit @27.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.06 points, which is 9.87%. | For a 1.00% total portfolio risk, you can invest 10.13% of your capital in this trade. |
- 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.
30.91
+0.97 (+3.24%)
ELEMENT SOLUTIONS INC / ESI FAQ
Can you provide the ChartMill technical rating for ELEMENT SOLUTIONS INC?
ChartMill assigns a technical rating of 7 / 10 to ESI.
What is the trend direction for ESI stock?
The current trend direction for ELEMENT SOLUTIONS INC (ESI) is Bullish.
Can you provide the RSI signal for ELEMENT SOLUTIONS INC?
ELEMENT SOLUTIONS INC (ESI) has an RSI value of 61.8212. This indicates that the stock is currently neutral.
What is the MACD signal for ESI stock?
The MACD indicator for ELEMENT SOLUTIONS INC (ESI) has a value of -0.00062963, indicating a bearish trend.
Can you provide the short term momentum for ELEMENT SOLUTIONS INC?
The short term momentum for ELEMENT SOLUTIONS INC (ESI) is neutral.