ESES - Eco-Stim Energy Solutions Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Sell candidate since 2017-02-21
Eco-Stim Energy Solutions Stock Analysis
Eco-Stim Energy Solutions fell by -0.96% in the last day, from USD 1.04 to USD 1.03. The price has fallen in 6 of the last 10 days and is down by -14.17% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -181 676 shares and in total, 86 680 shares bought and sold for approx. USD 89 280.
Eco-Stim Energy Solutions lies in the middle of a very wide and strong falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -33.4% during the next 3 months and, with 90% probability hold a price between USD 0.20 and USD 1.15 at the end of this period.
There are few to none technical positive signals at the moment. Eco-Stim Energy Solutions holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 1.10 and USD 1.07. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 17, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at USD 0.92 and USD 0.84. On the upside the stock meets some resistance from accumulated volume at USD 1.25, USD 1.24 and USD 1.17.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eco-Stim Energy Solutions finds support just below today's level at 0.92. If this is broken, then the next support from accumulated volume will be at 0.84 and 0.81.
This stock may move much during a day (volatility) and with periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.07 between high and low, or 7.22%. For the last week the stock has had a daily average volatility of 10.15%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Eco-Stim Energy Solutions holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak 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 Hold/Accumulate to a Sell Candidate.