GWH Technical Analysis - ESS TECH INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to GWH. GWH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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.

91% of all other stocks performed better in the past year than GWH.

GWH is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 80% are performing better than GWH.

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 1.22 - 1.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

GWH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.27

2.21

We found 3 important support areas.

Support @1.45 from a trend line in the weekly time frame.
A support zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.28 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @1.73 from a horizontal line in the daily time frame.
Resistance @1.93 from a trend line in the daily time frame.
Resistance @2.19 from a trend line in the daily time frame.

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What is Support and Resistance

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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	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	9.78	NEGATIVE	GWH has a low relative strength, it was outperformed by 90.22% 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)	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)	51.99	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, although the MACD value is declining.
Stochastics (14,3)	70.87	NEUTRAL	The Stochastics value for GWH is a neutral value.
Average True Range in percent/ATR (20)	8.74	HIGH VOLATILITY	The high ATR as a percentage value for GWH suggests high volalility.
Average Directional Index/ADX (14)	22.04	NEUTRAL	The ADX value for GWH suggests a possible start of a new trend.