ESTERLINE TECHNOLOGIES CORP (ESL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESL -
We assign a technical rating of 10 out of 10 to ESL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESL is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ESL did better than 91% of all other stocks. On top of that, ESL also shows a nice and consistent pattern of rising prices.
- ESL 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 ESL has a been trading in a tight range between 121.51 and 122.50.
- Volume is considerably higher in the last couple of days.
Although ESL 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
79.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 120.07 to 122.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.60 to 81.25. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 122.50 to 122.51. This zone is formed by a combination of multiple trend lines 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 ESL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESL is up. |
| ChartMill Relative Strength | 91.86 | POSITIVE | ESL has a high relative strength, it outperformed 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.5 | NEUTRAL | The RSI value for ESL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ESL has a positive trend. |
| Stochastics (14,3) | 83 | OVERBOUGHT | The high Stochastics value suggests ESL may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for ESL suggests low volalility. |
122.49
-0.01 (-0.01%)
ESTERLINE TECHNOLOGIES CORP / ESL FAQ
What is the ChartMill technical rating of ESTERLINE TECHNOLOGIES CORP (ESL) stock?
ChartMill assigns a technical rating of 9 / 10 to ESL.
What is the trend direction for ESL stock?
The current trend direction for ESTERLINE TECHNOLOGIES CORP (ESL) is Bullish.
Can you provide the RSI signal for ESTERLINE TECHNOLOGIES CORP?
ESTERLINE TECHNOLOGIES CORP (ESL) has an RSI value of 66.4995. This indicates that the stock is currently neutral.
What is the MACD signal for ESTERLINE TECHNOLOGIES CORP (ESL) stock?
The MACD indicator for ESTERLINE TECHNOLOGIES CORP (ESL) has a value of 0.0150196, indicating a bearish trend.
What is the buy/sell signal for ESTERLINE TECHNOLOGIES CORP (ESL) stock?
The buy/sell signal for ESTERLINE TECHNOLOGIES CORP (ESL) is buy as both the short term and long term trends are positive.