Technical Analysis for ESAB - ESAB Corporation

Grade Last Price % Change Price Change
A 49.87 2.80% 1.36
ESAB closed up 2.8 percent on Monday, May 16, 2022, on 51 percent of normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Multiple of Ten Bearish Other 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Inside Day Range Contraction 5.34%
Hot IPO Pullback Bullish Swing Setup 9.70%
Inside Day Range Contraction 9.70%
Hot IPO Pullback Bullish Swing Setup 3.90%
Pocket Pivot Bullish Swing Setup 3.90%
Doji - Bullish? Reversal 3.90%

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Alert Time
20 DMA Support about 10 hours ago
20 DMA Resistance about 10 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
Rose Above 20 DMA about 11 hours ago
Rose Above Previous Day's High about 11 hours ago

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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 Industrial Processes 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 58.08
52 Week Low 43.56
Average Volume 537,294
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 49.50
10-Day Moving Average 48.35
Average True Range 3.48
RSI 56.90
ADX 15.67
+DI 21.00
-DI 14.73
Chandelier Exit (Long, 3 ATRs) 47.65
Chandelier Exit (Short, 3 ATRs) 53.99
Upper Bollinger Bands 54.36
Lower Bollinger Band 44.64
Percent B (%b) 0.54
BandWidth 19.64
MACD Line -1.07
MACD Signal Line -1.04
MACD Histogram -0.0309
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.53
Resistance 3 (R3) 53.70 52.65 52.92
Resistance 2 (R2) 52.65 51.72 52.57 52.72
Resistance 1 (R1) 51.26 51.14 50.74 51.09 52.51
Pivot Point 50.21 50.21 49.95 50.13 50.21
Support 1 (S1) 48.82 49.28 48.30 48.65 47.23
Support 2 (S2) 47.77 48.70 47.69 47.02
Support 3 (S3) 46.38 47.77 46.82
Support 4 (S4) 46.21