VANECK VIDEOGAMING ESPORTS (ESPO) Stock Technical Analysis
USA - NASDAQ:ESPO - US92189F1140 - ETF
We assign a technical rating of 7 out of 10 to ESPO. In the last year, ESPO was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, ESPO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 115.83, a Stop Loss order could be placed below this zone.
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93.32
We found 3 important support areas.
- A support zone ranging from 114.71 to 115.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.91 to 112.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @94.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 121.30 to 122.30. 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 ESPO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESPO is down. |
| ChartMill Relative Strength | 85.65 | POSITIVE | ESPO has a high relative strength, it outperformed 85.65% 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) | UP | MIXED | The current price of ESPO is below 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) | 45.32 | NEUTRAL | The RSI value for ESPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ESPO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.3 | NEUTRAL | The Stochastics value for ESPO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for ESPO suggests low volalility. |
| Average Directional Index/ADX (14) | 30.76 | POSITIVE | The high ADX value value for ESPO 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 |
|---|---|---|---|
| 117.29 | 114.70 | 2.59 (2.21%) | 25.00% |
| An entry @117.29. This is a Buy Stop order right above the 10 day high. | An exit @114.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.59 points, which is 2.21%. | For a 0.55% total portfolio risk, you can invest 25.00% 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.
115.96
-0.19 (-0.16%)
VANECK VIDEOGAMING ESPORTS / ESPO FAQ
Can you provide the ChartMill technical rating for VANECK VIDEOGAMING ESPORTS?
ChartMill assigns a technical rating of 7 / 10 to ESPO.
What is the current trend direction of VANECK VIDEOGAMING ESPORTS (ESPO) stock?
The current trend direction for VANECK VIDEOGAMING ESPORTS (ESPO) is Bullish.
Can you provide the RSI signal for VANECK VIDEOGAMING ESPORTS?
VANECK VIDEOGAMING ESPORTS (ESPO) has an RSI value of 45.3233. This indicates that the stock is currently neutral.
What is the MACD signal for VANECK VIDEOGAMING ESPORTS (ESPO) stock?
The MACD indicator for VANECK VIDEOGAMING ESPORTS (ESPO) has a value of -0.210408, indicating a bearish trend.
What is the support and resistance level for ESPO stock?
VANECK VIDEOGAMING ESPORTS (ESPO) has a support level at 115.83 and a resistance level at 121.3. Check the full technical report for our detailed analysis of ESPO support and resistance levels.