We assign a technical rating of 4 out of 10 to ESPO. Although ESPO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ESPO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
94.66
2 important support areas can be observed.
- Support @105.51 from a horizontal line in the daily time frame.
- Support @95.62 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 115.72 to 116.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ESPO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESPO is down. |
| ChartMill Relative Strength | 80.98 | POSITIVE | ESPO has a high relative strength, it outperformed 80.98% 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) | UP | POSITIVE | The current price of ESPO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.44 | NEUTRAL | The RSI value for ESPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests ESPO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.35 | OVERSOLD | The low Stochastics value suggests ESPO may be oversold. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for ESPO suggests low volalility. |
| Average Directional Index/ADX (14) | 46.69 | POSITIVE | The high ADX value value for ESPO suggests a strong trend. |
107.53
+2.02 (+1.91%)
VANECK VIDEOGAMING ESPORTS / ESPO FAQ
Can you provide the ChartMill technical rating for VANECK VIDEOGAMING ESPORTS?
ChartMill assigns a technical rating of 4 / 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 Bearish.
Can you provide the RSI signal for VANECK VIDEOGAMING ESPORTS?
VANECK VIDEOGAMING ESPORTS (ESPO) has an RSI value of 33.4368. 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 -0.478367, indicating a bearish trend.
What is the support and resistance level for ESPO stock?
VANECK VIDEOGAMING ESPORTS (ESPO) has a support level at 105.51 and a resistance level at 115.72. Check the full technical report for our detailed analysis of ESPO support and resistance levels.