We assign a technical rating of 1 out of 10 to ESPO. ESPO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When compared to the yearly performance of all other stocks, ESPO outperforms 57% of them, which is more or less in line with the market.
- 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.
- In the last month ESPO has a been trading in a tight range between 102.60 and 106.68.
ESPO has a bad technical rating, but it does show 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 103.53, a Stop Loss order could be placed below this zone.
More info and screens
98.70
2 important support areas can be observed.
- A support zone ranging from 103.11 to 103.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @99.70 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 103.56 to 107.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @115.72 from a horizontal line in the daily time frame.
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 | 57.29 | NEUTRAL | ESPO is not amongst the best or worst performers 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) | UP | MIXED | The current price of ESPO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.06 | NEUTRAL | The RSI value for ESPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ESPO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.19 | OVERSOLD | The low Stochastics value suggests ESPO may be oversold. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for ESPO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.74 | POSITIVE | The high ADX value value for ESPO suggests a strong trend. |
103.543
+0.42 (+0.41%)
VANECK VIDEOGAMING ESPORTS / ESPO FAQ
Can you provide the ChartMill technical rating for VANECK VIDEOGAMING ESPORTS?
ChartMill assigns a technical rating of 1 / 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 40.0597. 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 103.53 and a resistance level at 103.56. Check the full technical report for our detailed analysis of ESPO support and resistance levels.