EARTHSTONE ENERGY INC - A (ESTE) Technical Analysis
NYSE:ESTE • US27032D3044
Current stock price
ESTE Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ESTE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESTE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. ESTE outperforms 88% of them.
- 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.
ESTE Weekly and Daily overview Charts
ESTE Setup Rating and Analysis
ESTE has an excellent technical rating and 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
ESTE Support and Resistance Analysis
11.37
When analyzing the support we can see 5 important areas.
- 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.
ESTE Technical Indicator Signal Analysis
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. |
ESTE Chart- and CandleStick Pattern Analysis
ESTE Example Setup
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 trade has a worst case loss of 0.91 points, which is 4.21%. | When investing 23.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ESTE Technicals: Chart, Performance Metrics, Trend & Indicators
21.17
+0.1 (+0.47%)
EARTHSTONE ENERGY INC - A / ESTE TA FAQ
What is the technical rating for ESTE stock?
ChartMill assigns a technical rating of 9 / 10 to ESTE.
What is the trend direction for ESTE stock?
The current trend direction for EARTHSTONE ENERGY INC - A (ESTE) is Bullish.
What is the RSI signal for EARTHSTONE ENERGY INC - A (ESTE) stock?
EARTHSTONE ENERGY INC - A (ESTE) has an RSI value of 54.7489. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EARTHSTONE ENERGY INC - A?
The short term momentum for EARTHSTONE ENERGY INC - A (ESTE) is positive.
What is the support and resistance level for ESTE stock?
EARTHSTONE ENERGY INC - A (ESTE) has a support level at 20.3. Check the full technical report for our detailed analysis of ESTE support and resistance levels.