ESES - Eco-Stim Energy Solutions

Industry: Oil & Gas Equipment & Services Sector: Basic Materials | Exchange: NASDAQ

Sell Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -1.34%
PRICE $1.47
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
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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 fell by -1.34% in the last day from $1.49 to $1.47 The price has risen in 6 of the last 10 days and is up by 1.38% over the past 2 weeks. Volume has increased in the last day by 5 114 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 58 125 shares bought and sold for approximately $85 444.

Trend

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.

Signals

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.

Support: $1.46 Price: $1.47 Resistance: $1.56
S: $1.46 Price: $1.47 R: $1.56

Risk

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.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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.

Sell Candidate

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