ESTERLINE TECHNOLOGIES CORP (ESL) Stock Technical Analysis
NYSE:ESL - New York Stock Exchange, Inc. -
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ESL did better than 91% of all other stocks. We also observe that the gains produced by ESL over the past year are nicely spread over this period.
A new 52 week high is currently being made by ESL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
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
123.74
2 important support areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
122.49
-0.01 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.01%
1 Week0.32%
2 Weeks0.55%
1 Month0.52%
3 Month0.82%
6 Month33.07%
12 Month63.32%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.18%
ATR Inc52.03%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.86
Mansfield2.15
10 Day High122.5
10 Day Low121.51
20 Day High122.5
20 Day Low121.51
52 Week High122.5
52 Week Low69.05
CS1 End122.42
CR1 Start122.5
Volume & EV
DER(3)4.58%
DER(5)1.32%
Volume591.70K
Volume Incr199.65%
Vol(5)950.64K
Vol(50)432.31K