ELEMENT SOLUTIONS INC (ESI) Technical Analysis
NYSE:ESI • US28618M1062
Current stock price
ESI Technical Rating and Analysis
Taking everything into account, ESI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ESI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ESI did better than 93% of all other stocks. We also observe that the gains produced by ESI over the past year are nicely spread over this period.
- ESI is one of the better performing stocks in the Chemicals industry, it outperforms 86% of 82 stocks in the same industry.
- ESI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ESI has a been trading in the 32.19 - 40.70 range, which is quite wide. It is currently trading near the high of this range.
- ESI has an average volume of 3095960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ESI Weekly and Daily overview Charts
ESI Setup Rating and Analysis
Although ESI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ESI Support and Resistance Analysis
22.92
When analyzing the support we can see 6 important areas.
- A support zone ranging from 37.97 to 38.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @35.77 from a trend line in the daily time frame.
- Support @33.28 from a trend line in the daily time frame.
- Support @28.63 from a trend line in the weekly time frame.
- Support @27.64 from a trend line in the weekly time frame.
- Support @23.15 from a horizontal line in the daily time frame.
ESI Technical Indicator Signal Analysis
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 | 93.15 | POSITIVE | ESI has a high relative strength, it outperformed 93.15% 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) | 69.62 | NEUTRAL | The RSI value for ESI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ESI has a positive trend. |
| Stochastics (14,3) | 82.02 | OVERBOUGHT | The high Stochastics value suggests ESI may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ESI suggests some volalility. |
| Average Directional Index/ADX (14) | 19 | NEGATIVE | The low ADX value for ESI suggests a weak or negative trend. |
ESI Chart- and CandleStick Pattern Analysis
ESI Technicals: Chart, Performance Metrics, Trend & Indicators
40.34
+2.36 (+6.21%)
ELEMENT SOLUTIONS INC / ESI TA FAQ
Can you provide the ChartMill technical rating for ELEMENT SOLUTIONS INC?
ChartMill assigns a technical rating of 10 / 10 to ESI.
What is the trend direction for ESI stock?
The current trend direction for ELEMENT SOLUTIONS INC (ESI) is Bullish.
What is the RSI signal for ESI stock?
ELEMENT SOLUTIONS INC (ESI) has an RSI value of 69.6175. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELEMENT SOLUTIONS INC?
The MACD indicator for ELEMENT SOLUTIONS INC (ESI) has a value of 0.152076, indicating a bearish trend.
Can you provide the support and resistance levels for ELEMENT SOLUTIONS INC?
ELEMENT SOLUTIONS INC (ESI) has a support level at 38.35. Check the full technical report for our detailed analysis of ESI support and resistance levels.