VANECK VIDEOGAMING ESPORTS (ESPO) Stock Technical Analysis
NASDAQ:ESPO • US92189F1140
Overall ESPO gets a technical rating of 0 out of 10. ESPO'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% of all other stocks performed better in the past year than ESPO.
- In the last month ESPO has a been trading in the 92.42 - 106.93 range, which is quite wide. It is currently trading near the lows of this range.
- ESPO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESPO is lagging the market.
- Considerably lower volume is observed in the last couple of days.
ESPO 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 support zone below the current price at 92.98, a Stop Loss order could be placed below this zone.
More info and screens
92.00
When analyzing the support we notice one important area.
- A support zone ranging from 92.93 to 92.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 101.67 to 103.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 105.70 to 106.34. 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 | DOWN | NEGATIVE | The long term trend for ESPO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESPO is down. |
| ChartMill Relative Strength | 21.94 | NEGATIVE | ESPO has a low relative strength, it was outperformed by 78.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESPO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ESPO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESPO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.86 | NEUTRAL | The RSI value for ESPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ESPO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.24 | OVERSOLD | The low Stochastics value suggests ESPO may be oversold. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ESPO suggests some volalility. |
| Average Directional Index/ADX (14) | 37.45 | POSITIVE | The high ADX value value for ESPO suggests a strong trend. |
93.35
-0.04 (-0.04%)
VANECK VIDEOGAMING ESPORTS / ESPO FAQ
Can you provide the ChartMill technical rating for VANECK VIDEOGAMING ESPORTS?
ChartMill assigns a technical rating of 0 / 10 to ESPO.
Can you provide the trend direction for VANECK VIDEOGAMING ESPORTS?
The current trend direction for VANECK VIDEOGAMING ESPORTS (ESPO) is Bearish.
Can you provide the RSI signal for VANECK VIDEOGAMING ESPORTS?
VANECK VIDEOGAMING ESPORTS (ESPO) has an RSI value of 31.8599. This indicates that the stock is currently neutral.
What is the buy/sell signal for ESPO stock?
The buy/sell signal for VANECK VIDEOGAMING ESPORTS (ESPO) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for VANECK VIDEOGAMING ESPORTS (ESPO) stock?
VANECK VIDEOGAMING ESPORTS (ESPO) has a support level at 92.98 and a resistance level at 101.67. Check the full technical report for our detailed analysis of ESPO support and resistance levels.