ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
USA - NASDAQ:ESOA - US29271Q1031 - Common Stock
Taking everything into account, ESOA scores 6 out of 10 in our technical rating. Although ESOA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, ESOA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.10, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.15
We found 4 important support areas.
- A support zone ranging from 10.06 to 10.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.72 to 9.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.40 from a trend line in the weekly time frame.
- Support @9.24 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.97 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.53 to 11.54. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for ESOA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESOA is neutral. |
| ChartMill Relative Strength | 34.62 | NEUTRAL | ESOA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ESOA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.69 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ESOA has a negative trend. |
| Stochastics (14,3) | 37.37 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.02 | NEUTRAL | The ADX value for ESOA suggests a possible start of a new trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.98 | 10.28 | 0.70 (6.38%) | 15.69% |
| An entry @10.98. This is a Buy Stop order right above the resistance zone. | An exit @10.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.70 points, which is 6.38%. | For a 1.00% total portfolio risk, you can invest 15.69% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ESOA. Please evaluate whether better entry and exit points can be found.
- 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.
10.84
+0.21 (+1.98%)
ENERGY SERVICES OF AMERICA / ESOA FAQ
What is the technical rating for ESOA stock?
ChartMill assigns a technical rating of 6 / 10 to ESOA.
Can you provide the trend direction for ENERGY SERVICES OF AMERICA?
The current trend direction for ENERGY SERVICES OF AMERICA (ESOA) is Bullish.
Can you provide the RSI signal for ENERGY SERVICES OF AMERICA?
ENERGY SERVICES OF AMERICA (ESOA) has an RSI value of 52.6888. This indicates that the stock is currently neutral.
What is the MACD signal for ENERGY SERVICES OF AMERICA (ESOA) stock?
The MACD indicator for ENERGY SERVICES OF AMERICA (ESOA) has a value of -0.0202974, indicating a bearish trend.