ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
NASDAQ:ESOA - Nasdaq - US29271Q1031 - Common Stock - Currency: USD
Overall ESOA gets a technical rating of 7 out of 10. Although ESOA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
ESOA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ESOA is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 90% of 63 stocks in the same industry.
ESOA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that ESOA is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ESOA has an excellent technical rating and also presents 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 10.67. Right above this resistance zone may be a good entry point.
More info and screens
8.19
10.81
We found 4 important support areas.
- A support zone ranging from 10.30 to 10.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.02 to 10.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.60 from a trend line in the weekly time frame.
- A support zone ranging from 8.27 to 8.34. 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 10.67 to 10.70. 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 | NEUTRAL | NEUTRAL | The long term trend for ESOA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESOA is up. |
| ChartMill Relative Strength | 88.81 | POSITIVE | ESOA has a high relative strength, it outperformed 88.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESOA is above the rising 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) | UP | MIXED | The current price of ESOA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.66 | 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) | 68.34 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.33 | 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)
10.39
+0.32 (+3.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.18%
1 Week1.07%
2 Weeks9.48%
1 Month15.32%
3 Month5.06%
6 Month-34.74%
12 Month44.71%
2 Year258.28%
3 Year404.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%7%
ATR Inc-49.99%
Range Today0.43
ADR(20)0.67
ADR(20)%6.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.81
Mansfield-0.34
10 Day High11.19
10 Day Low9.46
20 Day High11.19
20 Day Low7.83
52 Week High19.83
52 Week Low6.5
CS1 End10.39
CR1 Start10.67
Volume & EV
DER(3)-3.27%
DER(5)-2.89%
Volume112.00K
Volume Incr-53.86%
Vol(5)133.20K
Vol(50)237.58K