ESPO Technical Analysis - VANECK VIDEOGAMING ESPORTS

Technical Rating and Analysis

Taking everything into account, ESPO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ESPO has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, ESPO did better than 89% of all other stocks. We also observe that the gains produced by ESPO over the past year are nicely spread over this period.

ESPO is one of the better performing stocks in the Automobile Components industry, it outperforms 84% of 80 stocks in the same industry.

ESPO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ESPO has a been trading in the 111.16 - 120.35 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK VIDEOGAMING ESPORTS / ESPO Weekly stock chart

VANECK VIDEOGAMING ESPORTS / ESPO Daily stock chart

Setup Rating and Analysis

Although ESPO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

80.79

121.19

We found 5 important support areas.

A support zone ranging from 114.20 to 116.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 110.83 to 111.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 103.56 to 104.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @91.09 from a trend line in the weekly time frame.
Support @81.61 from a horizontal line in the daily time frame.

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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 ESPO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ESPO is up.
ChartMill Relative Strength	89	POSITIVE	ESPO has a high relative strength, it outperformed 89% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ESPO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ESPO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ESPO is above the rising SMA(200).
Relative Strength Index/RSI (14)	73.24	OVERBOUGHT	The high RSI value suggests ESPO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests ESPO has a positive trend.
Stochastics (14,3)	93.14	OVERBOUGHT	The high Stochastics value suggests ESPO may be overbought.
Average True Range in percent/ATR (20)	1.32	LOW VOLATILITY	The low ATR as a percentage value for ESPO suggests low volalility.
Average Directional Index/ADX (14)	22.51	NEUTRAL	The ADX value for ESPO suggests a possible start of a new trend.