Esco Technologies Inc (ESE): Price Now Near $84.51; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for ESE

Currently, ESE (Get Ratings)’s price is up $0.04 (0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

ESE ranks 64th in terms of today’s price percentage change out of Electronic Equipment stocks.

ESE’s Technical Outlook on the Daily Chart

Currently, ESE’s price is down $0 (0%) from the day prior. ESE has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows ESE’s price action over the past 90 days.

ESE

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ESE: Daily RSI Analysis

  • ESE’s RSI now stands at 100.
  • ESE and RSI both have consistent trends, as they are both heading up.

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