ELECTRO SCIENTIFIC INDS (ESIO) Technical Analysis
NASDAQ:ESIO • US2852291002
Current stock price
ESIO Technical Rating and Analysis
Taking everything into account, ESIO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ESIO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ESIO is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, ESIO also shows a nice and consistent pattern of rising prices.
- ESIO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ESIO is leading the market.
- In the last month ESIO has a been trading in a tight range between 29.91 and 30.02.
- Volume is considerably higher in the last couple of days.
ESIO Weekly and Daily overview Charts
ESIO Setup Rating and Analysis
ESIO 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
ESIO Support and Resistance Analysis
16.08
We found 3 important support areas.
- A support zone ranging from 29.72 to 29.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.37 to 28.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.99 to 30.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ESIO 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 ESIO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESIO is up. |
| ChartMill Relative Strength | 94.79 | POSITIVE | ESIO has a high relative strength, it outperformed 94.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESIO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.88 | NEUTRAL | The RSI value for ESIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ESIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80 | NEUTRAL | The Stochastics value for ESIO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for ESIO suggests low volalility. |
ESIO Chart- and CandleStick Pattern Analysis
ESIO Example Setup
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 |
|---|---|---|---|
| 30.02 | 29.95 | 0.07 (0.23%) | 25.00% |
| An entry @30.02. This is a Buy Stop order right above the resistance zone. | An exit @29.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.06%. |
- 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.
ESIO Technicals: Chart, Performance Metrics, Trend & Indicators
29.99
-0.01 (-0.03%)
ELECTRO SCIENTIFIC INDS / ESIO TA FAQ
What is the technical rating for ESIO stock?
ChartMill assigns a technical rating of 9 / 10 to ESIO.
What is the current trend direction of ELECTRO SCIENTIFIC INDS (ESIO) stock?
The current trend direction for ELECTRO SCIENTIFIC INDS (ESIO) is Bullish.
What is the RSI signal for ESIO stock?
ELECTRO SCIENTIFIC INDS (ESIO) has an RSI value of 69.8783. This indicates that the stock is currently neutral.
What is the short term momentum for ELECTRO SCIENTIFIC INDS (ESIO) stock?
The short term momentum for ELECTRO SCIENTIFIC INDS (ESIO) is positive.
What is the support and resistance level for ESIO stock?
ELECTRO SCIENTIFIC INDS (ESIO) has a support level at 29.98 and a resistance level at 29.99. Check the full technical report for our detailed analysis of ESIO support and resistance levels.