ELEMENT SOLUTIONS INC (ESI) Stock Technical Analysis
NYSE:ESI - New York Stock Exchange, Inc. - US28618M1062 - Common Stock - Currency: USD
Taking everything into account, ESI scores 7 out of 10 in our technical rating. ESI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
ESI is one of the better performing stocks in the Chemicals industry, it outperforms 70% of 85 stocks in the same industry.
ESI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ESI has an average volume of 2009270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ESI outperforms 60% of them, which is more or less in line with the market.
ESI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESI is lagging the market.
ESI 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 24.70. Right above this resistance zone may be a good entry point.
More info and screens
17.82
25.35
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.43 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.37 from a horizontal line in the daily time frame.
- A support zone ranging from 21.01 to 21.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.70 to 25.10. 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 ESI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESI is up. |
| ChartMill Relative Strength | 60.65 | NEUTRAL | ESI is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ESI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.17 | NEUTRAL | The RSI value for ESI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ESI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.1 | NEUTRAL | The Stochastics value for ESI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ESI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.57 | POSITIVE | The high ADX value value for ESI 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)
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 |
|---|---|---|---|
| 25.11 | 23.71 | 1.40 (5.58%) | 17.94% |
| An entry @25.11. This is a Buy Stop order right above the resistance zone. | An exit @23.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.40 points, which is 5.58%. | For a 1.00% total portfolio risk, you can invest 17.94% 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.
24.69
+0.46 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.9%
1 Week-1.63%
2 Weeks2.66%
1 Month15.21%
3 Month30.43%
6 Month-4.86%
12 Month-8.39%
2 Year17.8%
3 Year24.95%
5 Year127.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.55%
ATR Inc14.43%
Range Today0.71
ADR(20)0.59
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.65
Mansfield-0.79
10 Day High25.35
10 Day Low23.72
20 Day High25.35
20 Day Low21.28
52 Week High29.78
52 Week Low16.77
CS1 End22.86
CR1 Start24.7
Volume & EV
DER(3)-0.88%
DER(5)0.71%
Volume1.73M
Volume Incr-34.39%
Vol(5)1.71M
Vol(50)2.01M