Overall ESSA gets a technical rating of 7 out of 10. In the last year, ESSA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ESSA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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17.54
4 important support areas can be observed.
- A support zone ranging from 20.16 to 20.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.61 from a trend line in the daily time frame.
- A support zone ranging from 18.11 to 18.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.72 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.74 to 20.78. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ESSA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESSA is up. |
| ChartMill Relative Strength | 61.2 | NEUTRAL | ESSA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESSA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESSA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.86 | NEUTRAL | The RSI value for ESSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ESSA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.93 | NEUTRAL | The Stochastics value for ESSA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ESSA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.11 | POSITIVE | The high ADX value value for ESSA 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 |
|---|---|---|---|
| 20.79 | 20.15 | 0.64 (3.08%) | 25.00% |
| An entry @20.79. This is a Buy Stop order right above the resistance zone. | An exit @20.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 3.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of ESSA. Please evaluate whether better entry and exit points can be found.
- 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.
20.61
+0.51 (+2.54%)
ESSA BANCORP INC / ESSA FAQ
What is the ChartMill technical rating of ESSA BANCORP INC (ESSA) stock?
ChartMill assigns a technical rating of 7 / 10 to ESSA.
Can you provide the trend direction for ESSA BANCORP INC?
The current trend direction for ESSA BANCORP INC (ESSA) is Bullish.
Can you provide the RSI signal for ESSA BANCORP INC?
ESSA BANCORP INC (ESSA) has an RSI value of 60.8595. This indicates that the stock is currently neutral.
What is the buy/sell signal for ESSA BANCORP INC (ESSA) stock?
The buy/sell signal for ESSA BANCORP INC (ESSA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ESSA BANCORP INC (ESSA) stock?
ESSA BANCORP INC (ESSA) has a support level at 20.59 and a resistance level at 20.74. Check the full technical report for our detailed analysis of ESSA support and resistance levels.