ELEMENT SOLUTIONS INC (ESI)
US28618M1062 - Common Stock
Taking everything into account, ESI scores 8 out of 10 in our technical rating. In the last year, ESI was one of the better performers, but we do observe some doubts in the very recent evolution.
ESI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ESI did better than 80% of all other stocks. On top of that, ESI also shows a nice and consistent pattern of rising prices.
ESI is one of the better performing stocks in the Chemicals industry, it outperforms 78% of 84 stocks in the same industry.
ESI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESI is lagging the market slightly.
ESI has an average volume of 1288090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ESI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 23.81, a Stop Loss order could be placed below this zone.
More info and screens
17.46
24.34
We found 5 important support areas.
- A support zone ranging from 23.72 to 24.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.13 to 23.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @19.01 from a trend line in the weekly time frame.
- Support @18.17 from a horizontal line in the weekly time frame.
- Support @17.64 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.97
Mansfield0.12
10 Day High24.21
10 Day Low23.1
20 Day High25.81
20 Day Low23.1
52 Week High25.81
52 Week Low17.53
Performance
1 Week-1.2%
2 Weeks0.68%
1 Month-5.88%
3 Month3.83%
6 Month23.82%
12 Month35.26%
2 Year12.07%
3 Year2.01%
5 Year152.22%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)47.8
LBB23.23
UBB24.21
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 |
|---|---|---|---|
| 24.22 | 23.71 | 0.51 (2.09%) | 25.00% |
| An entry @24.21. This is a Buy Stop order right above the 10 day high. | An exit @23.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 2.09%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ESI. 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.
ELEMENT SOLUTIONS INC
NYSE:ESI (5/7/2024, 10:10:50 AM)
24.1
+0.24 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.01%
1 Week-1.2%
2 Weeks0.68%
1 Month-5.88%
3 Month3.83%
6 Month23.82%
12 Month35.26%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.5
ATR(20)%2.18%
ATR Inc
Range Today0.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High24.21
10 Day Low23.1
20 Day High25.81
20 Day Low23.1
52 Week High25.81
52 Week Low17.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume102.28K
Volume Incr-6.13%
Vol(5)1.30M
Vol(50)1.29M