ESS TECH INC (GWH) Stock Technical Analysis
NYSE:GWH • US26916J2050
Overall GWH gets a technical rating of 0 out of 10. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 95% of all other stocks performed better in the past year than GWH.
- GWH is one of the lesser performing stocks in the Electrical Equipment industry. 85% of 91 stocks in the same industry do better.
- GWH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GWH has a been trading in the 1.38 - 1.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GWH does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GWH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.41
When analyzing the support we notice one important area.
- A support zone ranging from 1.42 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.73 to 1.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.89 from a trend 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 | DOWN | NEGATIVE | The long term trend for GWH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GWH is neutral. |
| ChartMill Relative Strength | 5.84 | NEGATIVE | GWH has a low relative strength, it was outperformed by 94.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GWH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GWH is below a declining 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) | 51.69 | NEUTRAL | The RSI value for GWH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GWH has a positive trend. |
| Stochastics (14,3) | 61.53 | NEUTRAL | The Stochastics value for GWH is a neutral value. |
| Average True Range in percent/ATR (20) | 9.14 | HIGH VOLATILITY | The high ATR as a percentage value for GWH suggests high volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for GWH suggests a weak or negative trend. |
1.66
+0.07 (+4.4%)
ESS TECH INC / GWH FAQ
What is the ChartMill technical rating of ESS TECH INC (GWH) stock?
ChartMill assigns a technical rating of 0 / 10 to GWH.
Can you provide the trend direction for ESS TECH INC?
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 51.6911. This indicates that the stock is currently neutral.
What is the short term momentum for ESS TECH INC (GWH) stock?
The short term momentum for ESS TECH INC (GWH) is neutral.