Technical Analysis for ESAB - ESAB Corporation

Grade Last Price % Change Price Change
B 104.94 1.39% 1.44
ESAB closed up 1.39 percent on Friday, May 3, 2024, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Gapped Up Strength 0.00%
Lower Bollinger Band Walk Weakness 1.39%
Stochastic Reached Oversold Weakness 1.39%
Inside Day Range Contraction 1.39%
Gapped Up Strength 1.39%
Lower Bollinger Band Touch Weakness 1.39%
Oversold Stochastic Weakness 1.39%
Fell Below 50 DMA Bearish 3.64%
MACD Bearish Centerline Cross Bearish 3.64%

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Profile

ESAB Corporation Description

ESAB Corporation formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables, including electrodes, nozzles, shields, and tips. The company's fabrication technology equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of digital software and solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, including general industry, construction, infrastructure, transportation, energy, renewable energy, and medical and life sciences. It offers its products through independent distributors and direct salespeople. ESAB Corporation was incorporated in 2021 and is based in Wilmington, Delaware.


Classification

Sector: Industrials
Industry: Metal Fabrication
Keywords: Renewable Energy Welding Consumable Products Arc Welding

Is ESAB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 114.77
52 Week Low 57.3664
Average Volume 273,245
200-Day Moving Average 83.64
50-Day Moving Average 104.92
20-Day Moving Average 107.32
10-Day Moving Average 105.90
Average True Range 2.51
RSI (14) 46.81
ADX 24.53
+DI 19.29
-DI 28.45
Chandelier Exit (Long, 3 ATRs) 107.23
Chandelier Exit (Short, 3 ATRs) 108.29
Upper Bollinger Bands 112.80
Lower Bollinger Band 101.84
Percent B (%b) 0.28
BandWidth 10.21
MACD Line -0.34
MACD Signal Line 0.42
MACD Histogram -0.758
Fundamentals Value
Market Cap 6.32 Billion
Num Shares 60.3 Million
EPS 3.58
Price-to-Earnings (P/E) Ratio 29.31
Price-to-Sales 1.98
Price-to-Book 3.62
PEG Ratio 1.59
Dividend 0.17
Dividend Yield 0.16%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 107.58
Resistance 3 (R3) 107.38 106.30 107.14
Resistance 2 (R2) 106.30 105.63 106.40 106.99
Resistance 1 (R1) 105.62 105.21 105.96 105.82 106.85
Pivot Point 104.54 104.54 104.71 104.64 104.54
Support 1 (S1) 103.86 103.87 104.20 104.06 103.03
Support 2 (S2) 102.78 103.45 102.88 102.89
Support 3 (S3) 102.10 102.78 102.74
Support 4 (S4) 102.30