Today ESPH ranks # as HOLD CANDIDATE.
Today ESPH ranks # as HOLD CANDIDATE.

ESPH stock Ecosphere Technologies, Inc

ESPH stock
Ecosphere Technologies, Inc

March 22, 2019
Change -8.33%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ESPH stock price go up or down on Mon, 25 Mar 2019?

Ecosphere Technologies, Inc Forecast and Stock Analysis

Technical ESPH stock analysis for March 22, 2019.

Hold candidate since 2019-03-22

Ecosphere Technologies, Inc fell by -8.33% in the last day from $0.01 to $0.01 The price has fallen in 5 of the last 10 days , but is still up by 57.14% over the past 2 weeks. 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 -147 200 shares and in total 40 000 shares bought and sold for approximately $220.00.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ESPH stock was $0.01. This is 8.33% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 22.22% from a day low at $0.00 to a day high of $0.01.

30 day high of the ESPH stock price was $0.01 and low was $0.00.
90 day high was $0.01 and low was $0.00.
52 week high for the Ecosphere Technologies, Inc - $0.02 and low - $0.00.

Trend

Ecosphere Technologies, Inc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.42% during the next 3 months and, with 90% probability hold a price between $0.00 and $0.00 at the end of this period.

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Signals

Ecosphere Technologies, Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $0.00 and $0.00. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday March 21, 2019, 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.

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A buy signal from a double bottom formation was found on Tuesday March 19, 2019 with a target of $0.00. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ecosphere Technologies, Inc finds support from accumulated volume at $0.01.

Support: $0.01 Price: $0.01 Resistance: $0.01

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 22.22%. For the last week the stock has had a daily average volatility of 35.86%.

Our recommended stoploss: $0.01 (-7.96%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Ecosphere Technologies, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. 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 Hold/Accumulate.

Today ESPH ranks # as HOLD CANDIDATE.
Today ESPH ranks # as HOLD CANDIDATE.