ESSA BANCORP INC (ESSA) Stock Technical Analysis
NASDAQ:ESSA - Nasdaq - US29667D1046 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ESSA. In the past year, ESSA was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, ESSA did better than 73% of all other stocks.
ESSA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESSA is lagging the market slightly.
In the last month ESSA has a been trading in the 18.00 - 20.85 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ESSA is part of the Banks industry. There are 395 other stocks in this industry, ESSA did better than 42% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ESSA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.44
22.40
4 important support areas can be observed.
- A support zone ranging from 19.42 to 19.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.83 to 19.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.11 to 18.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @22.18 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 | NEUTRAL | NEUTRAL | The long term trend for ESSA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESSA is up. |
| ChartMill Relative Strength | 73.5 | POSITIVE | ESSA has a high relative strength, it outperformed 73.5% off all stocks 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) | 73.67 | OVERBOUGHT | The high RSI value suggests ESSA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests ESSA has a positive trend. |
| Stochastics (14,3) | 92.74 | OVERBOUGHT | The high Stochastics value suggests ESSA may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ESSA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.22 | POSITIVE | The high ADX value value for ESSA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.74
+0.37 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.82%
1 Week6.8%
2 Weeks12.84%
1 Month14.52%
3 Month20.44%
6 Month5.82%
12 Month21.86%
2 Year24.79%
3 Year16.26%
5 Year64.6%
10 Year61.4%
15 Year63.05%
Volatility
ATR(14)0.48
ATR(20)%2.17%
ATR Inc-6.39%
Range Today0.49
ADR(20)0.42
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.5
Mansfield-0.05
10 Day High20.85
10 Day Low18
20 Day High20.85
20 Day Low18
52 Week High22.22
52 Week Low15.82
CS1 End19.47
CR1 Start22.18
Volume & EV
DER(3)1.88%
DER(5)-0.31%
Volume65.10K
Volume Incr495.33%
Vol(5)108.38K
Vol(50)30.64K