ESPEY MFG & ELECTRONICS CORP (ESP) Technical Analysis
NYSEARCA:ESP • US2966501049
Current stock price
ESP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to ESP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ESP has a been trading in the 53.30 - 61.00 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: ESP has an average volume of 22418 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ESP is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by ESP over the past year are nicely spread over this period.
- ESP is part of the Electrical Equipment industry. There are 91 other stocks in this industry. ESP outperforms 81% of them.
- ESP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ESP is performing more or less in line with the market.
ESP Weekly and Daily overview Charts
ESP Setup Rating and Analysis
ESP has an excellent technical rating and also presents 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 56.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.22, a Stop Loss order could be placed below this zone.
More info and screens
ESP Support and Resistance Analysis
42.70
2 important support areas can be observed.
- Support @50.49 from a horizontal line in the daily time frame.
- Support @43.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.04 to 58.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ESP 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 ESP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESP is neutral. |
| ChartMill Relative Strength | 95.35 | POSITIVE | ESP has a high relative strength, it outperformed 95.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ESP is below 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) | 50.24 | NEUTRAL | The RSI value for ESP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ESP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.03 | NEUTRAL | The Stochastics value for ESP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for ESP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for ESP suggests a weak or negative trend. |
ESP Chart- and CandleStick Pattern Analysis
ESP Example Setup
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 |
|---|---|---|---|
| 56.24 | 55.03 | 1.21 (2.16%) | 25.00% |
| An entry @56.24. This is a Buy Stop order right above the 10 day moving average. | An exit @55.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.21 points, which is 2.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of ESP. Please evaluate whether better entry and exit points can be found.
- 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.
ESP Technicals: Chart, Performance Metrics, Trend & Indicators
53.51
-2.47 (-4.41%)
ESPEY MFG & ELECTRONICS CORP / ESP TA FAQ
What is the ChartMill technical rating of ESPEY MFG & ELECTRONICS CORP (ESP) stock?
ChartMill assigns a technical rating of 9 / 10 to ESP.
What is the trend direction for 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 50.2419. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ESPEY MFG & ELECTRONICS CORP?
The short term momentum for ESPEY MFG & ELECTRONICS CORP (ESP) is neutral.