ESSA BANCORP INC (ESSA) Stock Technical Analysis
NASDAQ:ESSA - Nasdaq - US29667D1046 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ESSA. ESSA 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
ESSA is one of the lesser performing stocks in the Banks industry. 73% of 396 stocks in the same industry do better.
In the last month ESSA has a been trading in the 18.03 - 19.83 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ESSA has an average volume of 20676 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the performance of all stocks over the past year, ESSA turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
ESSA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ESSA is lagging the market slightly.
ESSA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.61, a Stop Loss order could be placed below this zone.
More info and screens
16.95
19.88
We found 3 important support areas.
- A support zone ranging from 18.36 to 18.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.48 from a trend line in the weekly time frame.
- A support zone ranging from 17.12 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.74 to 18.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.17 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 19.49 to 19.68. 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 | DOWN | NEGATIVE | The long term trend for ESSA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESSA is neutral. |
| ChartMill Relative Strength | 54.52 | NEUTRAL | ESSA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESSA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ESSA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ESSA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.3 | 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) | 20 | OVERSOLD | The low Stochastics value suggests ESSA may be oversold. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ESSA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.53 | NEGATIVE | The low ADX value for ESSA suggests a weak or negative 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)
18.65
+0.51 (+2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.81%
1 Week1.41%
2 Weeks0.81%
1 Month-1.84%
3 Month-6%
6 Month-8.53%
12 Month12.08%
2 Year24.75%
3 Year11.01%
5 Year33.98%
10 Year45.02%
15 Year51.5%
Volatility
ATR(14)0.4
ATR(20)%2.08%
ATR Inc14.17%
Range Today0.37
ADR(20)0.33
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.52
Mansfield-0.66
10 Day High18.95
10 Day Low18.03
20 Day High19.83
20 Day Low18.03
52 Week High22.22
52 Week Low15.82
CS1 End18.61
CR1 Start18.74
Volume & EV
DER(3)0.78%
DER(5)1.65%
Volume15.50K
Volume Incr-30.42%
Vol(5)20.28K
Vol(50)20.68K