ENERGY SERVICES OF AMERICA (ESOA) Technical Analysis
NASDAQ:ESOA • US29271Q1031
Overall ESOA gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ESOA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 76% of 60 stocks in the same industry.
- ESOA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESOA is lagging the market slightly.
- 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.
- When comparing the yearly performance of all stocks, we notice that ESOA is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although ESOA has an excellent technical rating, it does not present a decent entry opportunity 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.
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8.16
When analyzing the support we can see 3 important areas.
- Support @13.55 from a horizontal line in the daily time frame.
- Support @9.65 from a trend line in the daily time frame.
- Support @8.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.63 to 15.68. 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 | UP | POSITIVE | The long term trend for ESOA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESOA is up. |
| ChartMill Relative Strength | 93.14 | POSITIVE | ESOA has a high relative strength, it outperformed 93.14% 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 | POSITIVE | The current price of ESOA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.56 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ESOA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.62 | OVERBOUGHT | The high Stochastics value suggests ESOA may be overbought. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 43.05 | POSITIVE | The high ADX value value for ESOA suggests a strong trend. |
ESOA Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ESOA (3/4/2026, 2:15:27 PM)
14.7
+0.1 (+0.68%)
ENERGY SERVICES OF AMERICA / ESOA FAQ
What is the technical rating for ESOA stock?
ChartMill assigns a technical rating of 9 / 10 to ESOA.
What is the trend direction for ESOA stock?
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 65.5565. This indicates that the stock is currently neutral.
What is the short term momentum for ESOA stock?
The short term momentum for ENERGY SERVICES OF AMERICA (ESOA) is positive.
What is the support and resistance level for ESOA stock?
ENERGY SERVICES OF AMERICA (ESOA) has a support level at 13.55 and a resistance level at 15.63. Check the full technical report for our detailed analysis of ESOA support and resistance levels.