ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
NASDAQ:ESOA - Nasdaq - US29271Q1031 - Common Stock - Currency: USD
Taking everything into account, ESOA scores 4 out of 10 in our technical rating. 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 9.18 - 11.64 range, which is quite wide. It is currently trading near the lows of this range.
ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 80% of 62 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 81% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ESOA has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
8.25
11.12
5 important support areas can be observed.
- Support @9.62 from a trend line in the daily time frame.
- Support @9.23 from a horizontal line in the daily time frame.
- Support @8.93 from a trend line in the weekly time frame.
- Support @8.61 from a trend line in the daily time frame.
- A support zone ranging from 8.33 to 8.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.95 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.50 from a trend line in the daily time frame.
- Resistance @10.69 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for ESOA is down. |
| ChartMill Relative Strength | 81.29 | POSITIVE | ESOA has a high relative strength, it outperformed 81.29% 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) | 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) | 45.04 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ESOA has a negative trend. |
| Stochastics (14,3) | 37.2 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.03 | 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)
9.72
-0.17 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.72%
1 Week-6.99%
2 Weeks1.99%
1 Month-15.77%
3 Month10.71%
6 Month-16.28%
12 Month36.52%
2 Year243.46%
3 Year356.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%5.75%
ATR Inc-28.23%
Range Today0.4
ADR(20)0.55
ADR(20)%5.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.29
Mansfield-1.52
10 Day High10.86
10 Day Low9.18
20 Day High11.64
20 Day Low9.18
52 Week High19.83
52 Week Low6.5
CS1 End9.62
CR1 Start9.95
Volume & EV
DER(3)-3.83%
DER(5)-2.52%
Volume86.90K
Volume Incr-35.68%
Vol(5)187.76K
Vol(50)264.69K