Thu 21'st Sep 2017
Eco-Stim Energy Solutions Stock Analysis
Technical stock analysis for Thu 21'st Sep 2017
Sell candidate since 2017-09-20 Loss -1.34%
Eco-Stim Energy Solutions lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.58% during the next 3 months and, with 90% probability hold a price between $1.45 and $2.02 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday September 20, 2017, which indicates further falls until a new bottom pivot has been found. Eco-Stim Energy Solutions gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued. Eco-Stim Energy Solutions holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $1.42 and $1.43. A break down below any of these levels will issue sell signals.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Eco-Stim Energy Solutions finds support from accumulated volume at $1.46. On the upside the stock meets some resistance from accumulated volume at $1.56, $1.66 and $1.68.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.07 between high and low, or 4.76%. For the last week, the stock has had a daily average volatility of 7.53%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Eco-Stim Energy Solutions holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
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