Weaker Buy Today ESP.L ranks #1278 as BUY CANDIDATE. Stronger Buy
Today ESP.L ranks #1278 as BUY CANDIDATE.

ESP.L stock Espey Manufacturing & Electronics Corp

ESP.L stock
Espey Manufacturing & Electronics Corp

April 18, 2019
Change 1.08%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ESP.L stock price go up or down on Tue, 23 Apr 2019?

Espey Manufacturing & Electronics Corp Forecast and Stock Analysis

Technical ESP.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-18
Shorts 0.83% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 0.24
ROA 3.68

Espey Manufacturing & Electronics Corp gained 1.08% in the last trading day, rising from £92.70 to £93.70 The price has risen in 5 of the last 10 days and is up by 1.74% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 423 175 more shares were traded than the day before. In total, 884 537 shares bought and sold for approximately £82.88 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the ESP.L stock was £93.70. This is 1.08% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 0.97% from a day low at £92.80 to a day high of £93.70.

30 day high of the ESP.L stock price was £96.00 and low was £90.00.
90 day high was £99.50 and low was £89.20.
52 week high for the Espey Manufacturing & Electronics Corp - £99.70 and low - £82.50.

Trend

Espey Manufacturing & Electronics Corp lies in the middle of a 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 -4.11% during the next 3 months and, with 90% probability hold a price between £85.84 and £92.76 at the end of this period.

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Signals

Only positive signals in the chart today. Espey Manufacturing & Electronics Corp 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 £92.51 and £93.53. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 25, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Espey Manufacturing & Electronics Corp finds support from accumulated volume at £92.10.

Support: £92.10 Price: £93.70 Resistance: £94.80

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.90 (0.97%) between high and low. For the last week, the stock has had a daily average volatility of 0.93%.

Our recommended stoploss: £88.55 (-5.50%) (This stock has low daily movements and this gives low risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 18 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today ESP.L ranks #1278 as BUY CANDIDATE. Stronger Buy
Today ESP.L ranks #1278 as BUY CANDIDATE.