ESSENDANT INC (ESND) Stock Technical Analysis
USA - NASDAQ:ESND - US2966891028
Overall ESND gets a technical rating of 5 out of 10. In the past year, ESND was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
ESND has an average technical rating and it also does not offer a high quality setup 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
11.71
3 important support areas can be observed.
- A support zone ranging from 12.55 to 12.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.04 from a horizontal line in the weekly time frame.
- Support @11.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.81 to 12.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.19 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ESND is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESND is neutral. |
| ChartMill Relative Strength | 93.48 | POSITIVE | ESND has a high relative strength, it outperformed 93.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESND is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESND is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ESND is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.82 | NEUTRAL | The RSI value for ESND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ESND has a positive trend. |
| Stochastics (14,3) | 77.21 | NEUTRAL | The Stochastics value for ESND is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for ESND suggests low volalility. |
12.8
+0.01 (+0.08%)
ESSENDANT INC / ESND FAQ
Can you provide the ChartMill technical rating for ESSENDANT INC?
ChartMill assigns a technical rating of 4 / 10 to ESND.
What is the trend direction for ESND stock?
The current trend direction for ESSENDANT INC (ESND) is Bearish.
What is the RSI signal for ESND stock?
ESSENDANT INC (ESND) has an RSI value of 65.8202. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ESSENDANT INC?
ESSENDANT INC (ESND) has a support level at 12.75 and a resistance level at 12.81. Check the full technical report for our detailed analysis of ESND support and resistance levels.