Overall ESP gets a technical rating of 8 out of 10. In the last year, ESP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, ESP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 43.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ESP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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.
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33.14
4 important support areas can be observed.
- A support zone ranging from 38.92 to 39.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.20 to 37.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @36.42 from a horizontal line in the daily time frame.
- Support @33.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.14 to 44.59. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ESP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESP is up. |
| ChartMill Relative Strength | 86.1 | POSITIVE | ESP has a high relative strength, it outperformed 86.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.32 | NEUTRAL | The RSI value for ESP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ESP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.29 | NEUTRAL | The Stochastics value for ESP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ESP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.69 | POSITIVE | The high ADX value value for ESP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.60 | 41.29 | 3.31 (7.42%) | 13.47% |
| An entry @44.60. This is a Buy Stop order right above the resistance zone. | An exit @41.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.31 points, which is 7.42%. | For a 1.00% total portfolio risk, you can invest 13.47% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.99
-1.08 (-2.45%)
ESPEY MFG & ELECTRONICS CORP / ESP FAQ
What is the ChartMill technical rating of ESPEY MFG & ELECTRONICS CORP (ESP) stock?
ChartMill assigns a technical rating of 8 / 10 to ESP.
What is the current trend direction of ESPEY MFG & ELECTRONICS CORP (ESP) stock?
The current trend direction for ESPEY MFG & ELECTRONICS CORP (ESP) is Bullish.
What is the RSI signal for ESPEY MFG & ELECTRONICS CORP (ESP) stock?
ESPEY MFG & ELECTRONICS CORP (ESP) has an RSI value of 58.3197. This indicates that the stock is currently neutral.
What is the short term momentum for ESPEY MFG & ELECTRONICS CORP (ESP) stock?
The short term momentum for ESPEY MFG & ELECTRONICS CORP (ESP) is positive.
What are the support and resistance levels for ESPEY MFG & ELECTRONICS CORP (ESP) stock?
ESPEY MFG & ELECTRONICS CORP (ESP) has a support level at 39.26 and a resistance level at 43.14. Check the full technical report for our detailed analysis of ESP support and resistance levels.