ESS Technical Signal Analysis
ESS have 4 buy signals and 3 sell signals now. The current trend is consolidation starting from 2025-03-04. The total price change during this trend is -4.78%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of ESS over last 5 trading day is $135,725,971.57
4 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
5.89
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
2.57
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-92.68
Bullish
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 < 0
-8.67
Bearish
Closing price
close < fibonacci_S1
292.88
Bearish
Moving Average
5-day SMA crosses below 20-day SMA
--
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
5.89
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
2.57
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-92.68
Bullish
ESS Support and Resistance Level
The support levels for ESS are at 293.99, 288.02, and 278.38, while the resistance levels are at 313.28, 319.25, and 328.9. With the current stock price at 288.88, it is leaning more toward the support levels.
ESS Technical Analysis
Technical Analysis of ESS Stock
Price and Volume Analysis:
- Current Price: $301.74 (as of 2025-03-07)
- Volume: 554,556 (lower than recent averages, indicating reduced trading activity)
Technical Indicators:
RSI:
- RSI_6: 46.05
- RSI_12: 55.07
- RSI_14: 55.72
- Insight: ESS is not overbought, with RSI values below 70, suggesting potential for further upside.
Stochastic Oscillator:
- K: 56.81
- D: 66.66
- Insight: The stock is in a bullish zone as K > D, indicating positive momentum.
MACD:
- MACD: 4.95
- Signal Line: 0.19
- Insight: Positive MACD with a bullish crossover, signaling upward momentum.
Moving Averages:
- SMA_5: 306.57
- SMA_10: 304.96
- SMA_20: 298.30
- SMA_60: 289.63
- SMA_200: 287.20
- Insight: The stock is trading above its 20, 60, and 200-day moving averages, indicating a bullish trend.
Fibonacci Levels:
- Pivot: 304.48
- Resistance Levels: 313.69, 319.37, 328.57
- Support Levels: 295.28, 289.60, 280.39
- Insight: The stock is approaching its first resistance level at 313.69, with potential to test higher levels if momentum continues.
Recent News Impact:
- ESS has crossed its average analyst target price of $309.69, prompting analysts to consider raising targets or downgrading valuations.
- Strong Q4 results with a 6.4% year-over-year revenue growth, exceeding expectations.
- The company has been making strategic acquisitions to optimize its portfolio, enhancing its market position.
Analyst Sentiment:
- Consensus Rating: Moderate Buy
- Mean Target Price: $307.60 (2.1% upside from current price)
- High Target Price: $370.00 (22.8% upside potential)
Conclusion:
Based on the technical indicators, ESS stock is in a bullish trend with strong momentum. The stock is expected to rise towards the first resistance level of $313.69, with potential to test higher levels if momentum continues.
Recommendation: BUY
Target Price: $313.69 (Fibonacci R1 level)
ESS FAQs
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Which bearish technical signals does ESS have?
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Is ESS a buy based on overall technical signals summary?
ESS Buy or Sell
ESS has 4 buy signals and 3 sell signals now. Overall the technical rating for ESS is Neutral.
Neutral
Sell
3
Buy
4
ESS Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 288.88 below the SMA_5. In the short term, the stock shows a negative trend with the 298.14 below the SMA_20. In the mid term, the stock shows a positive trend with the 298.93 above the SMA_60. In the long term, the stock shows a positive trend with the 289.47 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about ESS's current trend?What are ESS's key support and resistance levels?