ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
NASDAQ:ESOA • US29271Q1031
We assign a technical rating of 9 out of 10 to ESOA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESOA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- ESOA is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry. ESOA outperforms 74% of them.
- A new 52 week high is currently being made by ESOA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ESOA has a been trading in the 8.56 - 14.89 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, ESOA did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ESOA has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
8.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.15 to 9.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.22 to 14.22. 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 | 92.59 | POSITIVE | ESOA has a high relative strength, it outperformed 92.59% 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) | 87.72 | OVERBOUGHT | The high RSI value suggests ESOA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests ESOA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.6 | OVERBOUGHT | The high Stochastics value suggests ESOA may be overbought. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 44.04 | POSITIVE | The high ADX value value for ESOA suggests a strong trend. |
14.17
-0.04 (-0.28%)
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 87.7194. This indicates that the stock is currently overbought.
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 9.28 and a resistance level at 14.22. Check the full technical report for our detailed analysis of ESOA support and resistance levels.