ESPEY MFG & ELECTRONICS CORP (ESP) Stock Technical Analysis
NYSEARCA:ESP - US2966501049 - Common Stock
46.46 USD
-0.8 (-1.69%)
45.9 USD
-0.56 (-1.21%)
Taking everything into account, ESP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESP is showing a nice and steady performance.
Warning: ESP has an average volume of 27308 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ESP is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, ESP also shows a nice and consistent pattern of rising prices.
ESP is one of the better performing stocks in the Electrical Equipment industry, it outperforms 84% of 92 stocks in the same industry.
ESP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESP is lagging the market slightly.
In the last month ESP has a been trading in the 41.78 - 48.58 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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. There is a support zone below the current price at 46.03, a Stop Loss order could be placed below this zone.
More info and screens
30.36
52.87
We found 3 important support areas.
- A support zone ranging from 44.40 to 46.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.95 to 43.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.25 to 52.35. 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 | 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 | 94.03 | POSITIVE | ESP has a high relative strength, it outperformed 94.03% 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 | 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) | 51.29 | NEUTRAL | The RSI value for ESP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ESP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.64 | NEUTRAL | The Stochastics value for ESP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for ESP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for ESP 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)
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 |
|---|---|---|---|
| 48.59 | 44.39 | 4.20 (8.64%) | 11.57% |
| An entry @48.59. This is a Buy Stop order right above the 10 day high. | An exit @44.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.20 points, which is 8.64%. | For a 1.00% total portfolio risk, you can invest 11.57% 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.
46.46
-0.8 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.69%
1 Week-1.15%
2 Weeks1.22%
1 Month0.04%
3 Month26.94%
6 Month73.23%
12 Month100.26%
2 Year176.27%
3 Year212.23%
5 Year167.63%
10 Year85.84%
15 YearN/A
Volatility
ATR(14)2.39
ATR(20)%5.48%
ATR Inc-58.72%
Range Today0.59
ADR(20)2.44
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.03
Mansfield2.85
10 Day High48.58
10 Day Low43.15
20 Day High48.58
20 Day Low41.78
52 Week High52.68
52 Week Low21.44
CS1 End46.03
CR1 Start52.25
Volume & EV
DER(3)0.59%
DER(5)-1.94%
Volume8.80K
Volume Incr-44.73%
Vol(5)14.90K
Vol(50)27.31K