ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
USA - NASDAQ:ESOA - US29271Q1031 - Common Stock
10.05 USD
-0.4 (-3.83%)
10.05 USD
0 (0%)
Taking everything into account, ESOA scores 5 out of 10 in our technical rating. ESOA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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 9.52 - 10.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 59% of all stocks.
ESOA is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, ESOA did better than 60% of them.
ESOA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for ESOA in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
9.07
11.12
3 important support areas can be observed.
- A support zone ranging from 9.92 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.60 to 9.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.16 to 9.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 10.08 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.36 from a horizontal line in the daily time frame.
- Resistance @10.62 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 | 59.21 | NEUTRAL | ESOA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ESOA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ESOA is below 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) | 49.81 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ESOA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.72 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ESOA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.44 | 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)
10.05
-0.4 (-3.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.83%
1 Week2.76%
2 Weeks-2.05%
1 Month0.3%
3 Month5.9%
6 Month5.46%
12 Month8.88%
2 Year148.46%
3 Year251.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%4.33%
ATR Inc58.61%
Range Today0.68
ADR(20)0.42
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.21
Mansfield-1.73
10 Day High10.67
10 Day Low9.71
20 Day High10.74
20 Day Low9.52
52 Week High19.83
52 Week Low7.64
CS1 End10.02
CR1 Start10.08
Volume & EV
DER(3)7.99%
DER(5)5.29%
Volume141.64K
Volume Incr-5.56%
Vol(5)147.71K
Vol(50)178.59K