ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
NASDAQ:ESOA - US29271Q1031 - Common Stock
10.19 USD
-0.09 (-0.88%)
10.19 USD
0 (0%)
Taking everything into account, ESOA scores 4 out of 10 in our technical rating. In the last year, ESOA was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
ESOA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ESOA has a been trading in the 8.66 - 10.74 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, ESOA turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
ESOA is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, ESOA did better than 58% of them.
Considerably lower volume is observed in the last couple of days.
ESOA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.03, a Stop Loss order could be placed below this zone.
More info and screens
8.91
11.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.97 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.20 to 9.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.00 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.19 to 10.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.82 from a trend line in the daily time frame.
- Resistance @11.01 from a horizontal 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 ESOA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESOA is neutral. |
| ChartMill Relative Strength | 47.82 | NEUTRAL | ESOA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ESOA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESOA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESOA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.51 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ESOA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.67 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for ESOA suggests a weak or negative trend. |
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)
10.19
-0.09 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.88%
1 Week-2.39%
2 Weeks10.64%
1 Month-0.49%
3 Month1.6%
6 Month-4.5%
12 Month6.15%
2 Year173.19%
3 Year225.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%6%
ATR Inc-33.22%
Range Today0.29
ADR(20)0.59
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.82
Mansfield-1.46
10 Day High10.74
10 Day Low8.66
20 Day High10.74
20 Day Low8.66
52 Week High19.83
52 Week Low7.64
CS1 End10.03
CR1 Start10.19
Volume & EV
DER(3)-2.45%
DER(5)-4.8%
Volume145.80K
Volume Incr-37.76%
Vol(5)132.88K
Vol(50)227.58K