ESS TECH INC (GWH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GWH - US26916J2050 - Common Stock
We assign a technical rating of 1 out of 10 to GWH. GWH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GWH has a poor technical rating and the quality of the setup is also not perfect 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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1.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.64 from a trend line in the daily time frame.
- Support @1.28 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 GWH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWH is down. |
| ChartMill Relative Strength | 39.24 | NEUTRAL | GWH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GWH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GWH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.16 | NEUTRAL | The RSI value for GWH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GWH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.44 | OVERSOLD | The low Stochastics value suggests GWH may be oversold. |
| Average True Range in percent/ATR (20) | 17.08 | HIGH VOLATILITY | The high ATR as a percentage value for GWH suggests high volalility. |
| Average Directional Index/ADX (14) | 17.57 | NEGATIVE | The low ADX value for GWH suggests a weak or negative trend. |
2.16
-0.22 (-9.24%)
ESS TECH INC / GWH FAQ
What is the ChartMill technical rating of ESS TECH INC (GWH) stock?
ChartMill assigns a technical rating of 1 / 10 to GWH.
What is the trend direction for GWH stock?
The current trend direction for ESS TECH INC (GWH) is Bearish.
What is the RSI signal for ESS TECH INC (GWH) stock?
ESS TECH INC (GWH) has an RSI value of 37.1587. This indicates that the stock is currently neutral.
What is the short term momentum for GWH stock?
The short term momentum for ESS TECH INC (GWH) is negative.
Can you provide the buy/sell signal for ESS TECH INC?
The buy/sell signal for ESS TECH INC (GWH) is sell as both the short term and long term trends are negative.