ELECTRO SCIENTIFIC INDS (ESIO) Technical Analysis
NASDAQ:ESIO • US2852291002
Current stock price
ESIO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ESIO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESIO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ESIO did better than 94% of all other 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 however is also trading near new highs, which makes the performance in line with 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. Another positive sign is the recent Pocket Pivot signal.
- 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.
When analyzing the resistance we notice one important 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 worst case loss on the trade is limited to 0.07 points, which is 0.23%. | For a 0.06% total portfolio risk, you can invest 25.00% 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.
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 trend direction for ESIO stock?
The current trend direction for ELECTRO SCIENTIFIC INDS (ESIO) is Bullish.
Can you provide the RSI signal for ELECTRO SCIENTIFIC INDS?
ELECTRO SCIENTIFIC INDS (ESIO) has an RSI value of 69.8783. This indicates that the stock is currently neutral.
What is the MACD signal for ESIO stock?
The MACD indicator for ELECTRO SCIENTIFIC INDS (ESIO) has a value of -0.0603802, indicating a bearish trend.
What is the buy/sell signal for ESIO stock?
The buy/sell signal for ELECTRO SCIENTIFIC INDS (ESIO) is buy as both the short term and long term trends are positive.