GWH Technical Analysis - ESS TECH INC

Technical Rating and Analysis

Overall GWH gets a technical rating of 8 out of 10. GWH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

In the last month GWH has a been trading in the 1.45 - 13.87 range, which is quite wide. It is currently trading near the lows of this range.

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.

GWH is one of the better performing stocks in the Electrical Equipment industry, it outperforms 83% of 92 stocks in the same industry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

GWH has an average volume of 10796200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, GWH did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

GWH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GWH is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although GWH has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.78

5.34

When analyzing the resistance we notice one important area.

A resistance zone ranging from 5.27 to 5.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for GWH is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GWH is up.
ChartMill Relative Strength	96.43	POSITIVE	GWH has a high relative strength, it outperformed 96.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GWH is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GWH is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of GWH is above a declining SMA(200).
Relative Strength Index/RSI (14)	60.24	NEUTRAL	The RSI value for GWH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.37	POSITIVE	The MACD value suggests GWH has a positive trend, although the MACD value is declining.
Stochastics (14,3)	31.13	NEUTRAL	The Stochastics value for GWH is a neutral value.
Average True Range in percent/ATR (20)	24.41	HIGH VOLATILITY	The high ATR as a percentage value for GWH suggests high volalility.
Average Directional Index/ADX (14)	45.46	POSITIVE	The high ADX value value for GWH suggests a strong trend.