ELECTRO SCIENTIFIC INDS (ESIO) Stock Technical Analysis
USA - NASDAQ:ESIO - US2852291002
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.
ESIO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
16.08
When analyzing the support we can see 3 important 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.
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. |
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.
29.99
-0.01 (-0.03%)
ELECTRO SCIENTIFIC INDS / ESIO FAQ
What is the technical rating for ESIO stock?
ChartMill assigns a technical rating of 9 / 10 to ESIO.
Can you provide the trend direction for ELECTRO SCIENTIFIC INDS?
The current trend direction for ELECTRO SCIENTIFIC INDS (ESIO) is Bullish.
What is the RSI signal for ELECTRO SCIENTIFIC INDS (ESIO) stock?
ELECTRO SCIENTIFIC INDS (ESIO) has an RSI value of 69.8783. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELECTRO SCIENTIFIC INDS?
The short term momentum for ELECTRO SCIENTIFIC INDS (ESIO) is positive.
What is the buy/sell signal for ELECTRO SCIENTIFIC INDS (ESIO) stock?
The buy/sell signal for ELECTRO SCIENTIFIC INDS (ESIO) is buy as both the short term and long term trends are positive.