EVERSOURCE ENERGY (ES) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ES - US30040W1080 - Common Stock
Overall ES gets a technical rating of 4 out of 10. Although ES is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, ES does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 67.60, a Stop Loss order could be placed below this zone.
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56.14
5 important support areas can be observed.
- A support zone ranging from 66.78 to 67.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.55 to 65.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.52 to 63.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.35 from a horizontal line in the daily time frame.
- Support @56.71 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @73.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 74.67 to 74.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ES is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ES is down. |
| ChartMill Relative Strength | 73.3 | POSITIVE | ES has a high relative strength, it outperformed 73.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ES is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.03 | NEUTRAL | The RSI value for ES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests ES has a positive trend. |
| Stochastics (14,3) | 67.63 | NEUTRAL | The Stochastics value for ES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for ES suggests low volalility. |
| Average Directional Index/ADX (14) | 25.29 | POSITIVE | The high ADX value value for ES suggests a strong trend. |
67.98
+0.7 (+1.04%)
EVERSOURCE ENERGY / ES FAQ
What is the technical rating for ES stock?
ChartMill assigns a technical rating of 4 / 10 to ES.
Can you provide the trend direction for EVERSOURCE ENERGY?
The current trend direction for EVERSOURCE ENERGY (ES) is Bearish.
Can you provide the RSI signal for EVERSOURCE ENERGY?
EVERSOURCE ENERGY (ES) has an RSI value of 48.0328. This indicates that the stock is currently neutral.
What is the support and resistance level for ES stock?
EVERSOURCE ENERGY (ES) has a support level at 67.6 and a resistance level at 73.49. Check the full technical report for our detailed analysis of ES support and resistance levels.