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.
93.32
We found 3 important support areas.
When analyzing the resistance we notice one important area.
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. |
115.96
-0.19 (-0.16%)
ChartMill assigns a technical rating of 7 / 10 to ESPO.
The current trend direction for VANECK VIDEOGAMING ESPORTS (ESPO) is Bullish.
VANECK VIDEOGAMING ESPORTS (ESPO) has an RSI value of 45.3233. This indicates that the stock is currently neutral.
The MACD indicator for VANECK VIDEOGAMING ESPORTS (ESPO) has a value of -0.210408, indicating a bearish trend.
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.