ESTERLINE TECHNOLOGIES CORP (ESL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESL -
Overall ESL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESL is showing a nice and steady performance.
Although ESL has an excellent technical rating, it does not present a decent entry opportunity 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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79.79
2 important support areas can be observed.
- A support zone ranging from 120.07 to 122.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.60 to 81.25. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 122.50 to 122.51. 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 | UP | POSITIVE | The long term trend for ESL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESL is up. |
| ChartMill Relative Strength | 91.86 | POSITIVE | ESL has a high relative strength, it outperformed 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.5 | NEUTRAL | The RSI value for ESL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ESL has a positive trend. |
| Stochastics (14,3) | 83 | OVERBOUGHT | The high Stochastics value suggests ESL may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for ESL suggests low volalility. |
122.49
-0.01 (-0.01%)
ESTERLINE TECHNOLOGIES CORP / ESL FAQ
What is the ChartMill technical rating of ESTERLINE TECHNOLOGIES CORP (ESL) stock?
ChartMill assigns a technical rating of 9 / 10 to ESL.
Can you provide the trend direction for ESTERLINE TECHNOLOGIES CORP?
The current trend direction for ESTERLINE TECHNOLOGIES CORP (ESL) is Bullish.
What is the RSI signal for ESL stock?
ESTERLINE TECHNOLOGIES CORP (ESL) has an RSI value of 66.4995. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ESTERLINE TECHNOLOGIES CORP?
The buy/sell signal for ESTERLINE TECHNOLOGIES CORP (ESL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ESL stock?
ESTERLINE TECHNOLOGIES CORP (ESL) has a support level at 122.42 and a resistance level at 122.5. Check the full technical report for our detailed analysis of ESL support and resistance levels.