We assign a technical rating of 0 out of 10 to ESOA. ESOA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture 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 8.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.33, a Stop Loss order could be placed below this zone.
More info and screens
8.19
When analyzing the support we notice one important area.
- A support zone ranging from 8.27 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.96 to 8.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.21 from a trend line in the weekly time frame.
- Resistance @11.00 from a horizontal line in the weekly time frame.
- Resistance @11.54 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for ESOA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESOA is down. |
| ChartMill Relative Strength | 10.31 | NEGATIVE | ESOA has a low relative strength, it was outperformed by 89.69% 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) | 40.39 | NEUTRAL | The RSI value for ESOA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ESOA has a positive trend. |
| Stochastics (14,3) | 61.06 | NEUTRAL | The Stochastics value for ESOA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for ESOA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.16 | POSITIVE | The high ADX value value for ESOA suggests a strong trend. |
8.69
-0.11 (-1.25%)
ENERGY SERVICES OF AMERICA / ESOA FAQ
What is the technical rating for ESOA stock?
ChartMill assigns a technical rating of 0 / 10 to ESOA.
Can you provide the trend direction for ENERGY SERVICES OF AMERICA?
The current trend direction for ENERGY SERVICES OF AMERICA (ESOA) is Bearish.
Can you provide the RSI signal for ENERGY SERVICES OF AMERICA?
ENERGY SERVICES OF AMERICA (ESOA) has an RSI value of 40.3931. This indicates that the stock is currently neutral.
What is the MACD signal for ENERGY SERVICES OF AMERICA (ESOA) stock?
The MACD indicator for ENERGY SERVICES OF AMERICA (ESOA) has a value of 0.0622376, indicating a bearish trend.
What is the buy/sell signal for ESOA stock?
The buy/sell signal for ENERGY SERVICES OF AMERICA (ESOA) is sell as both the short term and long term trends are negative.