ENERGY SERVICES OF AMERICA (ESOA) Stock Technical Analysis
USA - NASDAQ:ESOA - US29271Q1031 - Common Stock
Taking everything into account, ESOA scores 3 out of 10 in our technical rating. ESOA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ESOA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ESOA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
9.11
2 important support areas can be observed.
- A support zone ranging from 9.72 to 10.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.20 to 9.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.87 to 11.11. 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 | NEUTRAL | NEUTRAL | The short term trend for ESOA is neutral. |
| ChartMill Relative Strength | 44.76 | NEUTRAL | ESOA is not amongst the best or worst performers 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 | POSITIVE | The current price of ESOA is above 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) | 48.57 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ESOA has a negative trend. |
| Stochastics (14,3) | 36.4 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.81 | NEGATIVE | The low ADX value for ESOA suggests a weak or negative trend. |
10.11
-0.05 (-0.49%)