ENERGY SERVICES OF AMERICA (ESOA) Technical Analysis
NASDAQ:ESOA • US29271Q1031
Current stock price
ESOA Technical Rating and Analysis
Overall ESOA gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ESOA did better than 92% of all other stocks.
- 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.
- In the last month ESOA has a been trading in the 12.77 - 15.57 range, which is quite wide. It is currently trading near the high of this range.
- ESOA is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, ESOA did better than 62% of them.
- Considerably lower volume is observed in the last couple of days.
ESOA Weekly and Daily overview Charts
ESOA Setup Rating and Analysis
Although ESOA has an excellent technical rating, the quality of the presented setup is not ideal 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
ESOA Support and Resistance Analysis
8.27
We found 4 important support areas.
- A support zone ranging from 13.94 to 14.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.23 to 13.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.55 to 12.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.35 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- 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.
- Resistance @16.09 from a horizontal line in the weekly time frame.
ESOA Technical Indicator Signal Analysis
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 | 92.72 | POSITIVE | ESOA has a high relative strength, it outperformed 92.72% 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) | 57.9 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ESOA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.57 | OVERBOUGHT | The high Stochastics value suggests ESOA may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ESOA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.22 | NEUTRAL | The ADX value for ESOA suggests a possible start of a new trend. |
ESOA Chart- and CandleStick Pattern Analysis
ESOA Technicals: Chart, Performance Metrics, Trend & Indicators
14.76
-0.38 (-2.51%)
ENERGY SERVICES OF AMERICA / ESOA TA FAQ
What is the technical rating for ESOA stock?
ChartMill assigns a technical rating of 10 / 10 to ESOA.
What is the trend direction for ESOA stock?
The current trend direction for ENERGY SERVICES OF AMERICA (ESOA) is Bullish.
What is the RSI signal for ESOA stock?
ENERGY SERVICES OF AMERICA (ESOA) has an RSI value of 57.9041. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENERGY SERVICES OF AMERICA?
The MACD indicator for ENERGY SERVICES OF AMERICA (ESOA) has a value of 0.110908, indicating a bearish trend.
What are the support and resistance levels for ENERGY SERVICES OF AMERICA (ESOA) stock?
ENERGY SERVICES OF AMERICA (ESOA) has a support level at 14.24 and a resistance level at 15.63. Check the full technical report for our detailed analysis of ESOA support and resistance levels.