ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
NASDAQ:ESOA - Nasdaq - US29271Q1031 - Common Stock - Currency: USD
Overall ESOA gets a technical rating of 2 out of 10. Although ESOA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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 9.01 - 11.41 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 80% of 61 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that ESOA is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
ESOA has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
8.25
10.82
4 important support areas can be observed.
- Support @9.53 from a horizontal line in the daily time frame.
- Support @9.19 from a trend line in the weekly time frame.
- Support @8.88 from a trend line in the weekly time frame.
- Support @8.33 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.16 to 10.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.62 to 10.71. 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 | DOWN | NEGATIVE | The short term trend for ESOA is down. |
| ChartMill Relative Strength | 80.44 | POSITIVE | ESOA has a high relative strength, it outperformed 80.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESOA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ESOA is below a declining 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) | 41.19 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ESOA has a negative trend. |
| Stochastics (14,3) | 21.72 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.83 | 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)
9.54
-0.35 (-3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.54%
1 Week-6.84%
2 Weeks-10.08%
1 Month-1.85%
3 Month1.27%
6 Month-9.32%
12 Month41.54%
2 Year155.76%
3 Year204.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%6.11%
ATR Inc-8.94%
Range Today0.5
ADR(20)0.57
ADR(20)%5.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.44
Mansfield-1.94
10 Day High11.41
10 Day Low9.48
20 Day High11.41
20 Day Low9.01
52 Week High19.83
52 Week Low6.6
CS1 End9.53
CR1 Start10.16
Volume & EV
DER(3)-6.52%
DER(5)-4.63%
Volume137.00K
Volume Incr-32.3%
Vol(5)131.26K
Vol(50)220.82K