EARTHSTONE ENERGY INC - A (ESTE) Stock Technical Analysis
NYSE:ESTE - New York Stock Exchange, Inc. - US27032D3044 - Common Stock - Currency: USD
Overall ESTE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ESTE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ESTE is one of the better performing stocks in the market, outperforming 95% of all stocks.
ESTE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 213 stocks in the same industry.
ESTE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ESTE is performing more or less in line with the market.
ESTE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ESTE has an average volume of 1762460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ESTE also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for ESTE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
More info and screens
11.37
21.38
5 important support areas can be observed.
- A support zone ranging from 20.03 to 20.30. 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 18.90 to 19.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.35 from a horizontal line in the daily time frame.
- Support @12.35 from a trend line in the weekly time frame.
- Support @11.48 from a horizontal line in the weekly 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 ESTE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESTE is up. |
| ChartMill Relative Strength | 95.72 | POSITIVE | ESTE has a high relative strength, it outperformed 95.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for ESTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ESTE has a negative trend. |
| Stochastics (14,3) | 47.57 | NEUTRAL | The Stochastics value for ESTE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for ESTE 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)
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 |
|---|---|---|---|
| 21.64 | 20.73 | 0.91 (4.21%) | 23.78% |
| An entry @21.64. This is a Buy Stop order right above the 10 day moving average. | An exit @20.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.91 points, which is 4.21%. | For a 1.00% total portfolio risk, you can invest 23.78% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ESTE. 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.
21.17
+0.1 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.47%
1 Week-2.13%
2 Weeks-3.9%
1 Month8.68%
3 Month30.92%
6 Month62.22%
12 Month32.15%
2 Year108.57%
3 Year686.99%
5 Year157.23%
10 Year27.53%
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%3.47%
ATR Inc17.15%
Range Today0.66
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.72
Mansfield3.75
10 Day High22.45
10 Day Low20.74
20 Day High22.45
20 Day Low17.87
52 Week High22.45
52 Week Low11.32
CS1 End20.3
CR1 StartN/A
Volume & EV
DER(3)6.03%
DER(5)3.2%
Volume8.50M
Volume Incr138.04%
Vol(5)2.78M
Vol(50)1.76M