EASTOWER WIRELESS INC (ESTW.CA) Stock Technical Analysis
Canada - TSX-V:ESTW - CA27777L1076 - Common Stock
Overall ESTW gets a technical rating of 1 out of 10. ESTW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
ESTW has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
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When analyzing the support we notice one important area.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.01 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 | DOWN | NEGATIVE | The long term trend for ESTW.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESTW.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ESTW.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESTW.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ESTW.CA is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 56.08 | NEUTRAL | The RSI value for ESTW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ESTW.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ESTW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 17.5 | HIGH VOLATILITY | The high ATR as a percentage value for ESTW.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.88 | NEGATIVE | The low ADX value for ESTW.CA suggests a weak or negative trend. |
TSX-V:ESTW (4/24/2023, 7:00:00 PM)
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EASTOWER WIRELESS INC / ESTW.CA FAQ
What is the technical rating for ESTW stock?
ChartMill assigns a technical rating of 1 / 10 to ESTW.CA.
What is the trend direction for ESTW stock?
The current trend direction for EASTOWER WIRELESS INC (ESTW.CA) is Bearish.
What is the RSI signal for ESTW stock?
EASTOWER WIRELESS INC (ESTW.CA) has an RSI value of 56.0822. This indicates that the stock is currently neutral.
What is the MACD signal for ESTW stock?
The MACD indicator for EASTOWER WIRELESS INC (ESTW.CA) has a value of 0.000525048, indicating a bearish trend.