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EVERSOURCE ENERGY (ES) Stock Technical Analysis

NYSE:ES - New York Stock Exchange, Inc. - US30040W1080 - Common Stock

56.25  -1.98 (-3.4%)

Technical Rating and Analysis

1

Taking everything into account, ES scores 1 out of 10 in our technical rating. ES'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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ES is a bad performer in the overall market: 71% of all stocks are doing better.
ES is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ES has a been trading in the 54.75 - 58.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ES has an average volume of 2142440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ES is an average performer in the Electric Utilities industry, it outperforms 44% of 46 stocks in the same industry.
Weekly and Daily overview Charts
EVERSOURCE ENERGY / ES Weekly stock chart
EVERSOURCE ENERGY / ES Daily stock chart
Setup Rating and Analysis

7

ES has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 58.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.93, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

55.06

67.78

We found 1 important support area.

  • A support zone ranging from 55.62 to 55.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 58.24 to 58.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @61.79 from a trend line in the daily time frame.
  • Resistance @64.71 from a trend line in the weekly time frame.
  • Resistance @67.11 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.97
Mansfield-1.31
10 Day High58.57
10 Day Low54.75
20 Day High58.57
20 Day Low54.75
52 Week High69.01
52 Week Low52.71
Performance
1 Week4.24%
2 Weeks1.61%
1 Month3.69%
3 Month-11.56%
6 Month-9.72%
12 Month5.64%
2 Year-29.27%
3 Year-34.93%
5 Year-37.01%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.38
RSI(14)52.31
LBB55.24
UBB58.58
EVERSOURCE ENERGY / ES Daily stock chart

EVERSOURCE ENERGY

NYSE:ES (1/22/2025, 2:06:09 PM)

56.25

-1.98 (-3.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-3.4%
1 Week4.24%
2 Weeks1.61%
1 Month3.69%
3 Month-11.56%
6 Month-9.72%
12 Month5.64%
2 Year-29.27%
3 Year-34.93%
5 Year-37.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%1.72%
ATR Inc-27.98%
Range Today1.87
ADR(20)0.97
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.97
Mansfield-1.31
10 Day High58.57
10 Day Low54.75
20 Day High58.57
20 Day Low54.75
52 Week High69.01
52 Week Low52.71
CS1 End56.93
CR1 Start58.24
Volume & EV
DER(3)-0.17%
DER(5)0.05%
Volume810.96K
Volume Incr-4.92%
Vol(5)2.10M
Vol(50)2.14M