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EngageSmart Inc (ESMT) Stock Technical Analysis

NYSE:ESMT - New York Stock Exchange, Inc. - US29283F1030 - Common Stock - Currency: USD

23.05  -0.02 (-0.09%)

After market: 23.09 +0.04 (+0.17%)

Technical Rating and Analysis

7

Taking everything into account, ESMT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ESMT is only an average performer.

The long and short term trends are both positive. This is looking good!
ESMT 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.
ESMT has an average volume of 1797710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ESMT outperforms 67% of them, which is more or less in line with the market.
ESMT is part of the Software industry. There are 282 other stocks in this industry, ESMT did better than 58% of them.
In the last month ESMT has a been trading in a tight range between 22.87 and 23.15.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
EngageSmart Inc / ESMT Weekly stock chart
EngageSmart Inc / ESMT Daily stock chart
Setup Rating and Analysis

6

ESMT has an excellent technical rating, but the quality of the setup is only medium 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.

Support and Resistance Analysis

15.84

23.33

We found 4 important support areas.

  • A support zone ranging from 22.45 to 23.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @17.14 from a trend line in the weekly time frame.
  • Support @16.40 from a horizontal line in the weekly time frame.
  • A support zone ranging from 16.00 to 16.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 23.06 to 23.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ESMT is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ESMT is up.
ChartMill Relative Strength67.43NEUTRALESMT is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ESMT is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ESMT is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ESMT is above the rising SMA(200).
Relative Strength Index/RSI (14)65.82NEUTRALThe RSI value for ESMT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests ESMT has a negative trend.
Stochastics (14,3)69.49NEUTRALThe Stochastics value for ESMT is a neutral value.
Average True Range in percent/ATR (20)0.23LOW VOLATILITYThe low ATR as a percentage value for ESMT suggests low volalility.
Average Directional Index/ADX (14)62.74POSITIVEThe high ADX value value for ESMT suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
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.

ENTRYEXITDISTANCECAPITAL
23.1122.940.17 (0.74%)25.00%
An entry @23.11. This is a Buy Stop order right above the resistance zone.An exit @22.94. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.17 points, which is 0.74%.For a 0.18% 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.
EngageSmart Inc / ESMT Daily stock chart

EngageSmart Inc

NYSE:ESMT (1/25/2024, 8:19:29 PM)

After market: 23.09 +0.04 (+0.17%)

23.05

-0.02 (-0.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.09%
1 Week0.13%
2 Weeks0.44%
1 Month0.66%
3 Month1.63%
6 Month23.79%
12 Month13.44%
2 Year5.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.23%
ATR Inc50.63%
Range Today0.06
ADR(20)0.05
ADR(20)%0.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.43
Mansfield0.44
10 Day High23.15
10 Day Low22.95
20 Day High23.15
20 Day Low22.87
52 Week High23.15
52 Week Low15.45
CS1 End23.04
CR1 Start23.06
Volume & EV
DER(3)5.49%
DER(5)7.16%
Volume22.26M
Volume Incr716.95%
Vol(5)8.89M
Vol(50)1.80M