Technical Analysis for ESAB - ESAB Corporation

Grade Last Price % Change Price Change
A 110.57 0.43% 0.47
ESAB closed up 0.43 percent on Thursday, March 28, 2024, on 1.46 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.43%
New 52 Week High Strength 0.43%
Multiple of Ten Bullish Other 0.43%
Gapped Up Strength 0.43%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
Up 1% about 9 hours ago
Possible NR7 about 11 hours ago
Rose Above Previous Day's High about 15 hours ago
New 52 Week High about 15 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 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 111.255
52 Week Low 54.3256
Average Volume 242,217
200-Day Moving Average 78.39
50-Day Moving Average 95.33
20-Day Moving Average 102.90
10-Day Moving Average 106.44
Average True Range 1.96
RSI (14) 83.50
ADX 52.69
+DI 41.40
-DI 6.85
Chandelier Exit (Long, 3 ATRs) 105.39
Chandelier Exit (Short, 3 ATRs) 101.36
Upper Bollinger Bands 111.49
Lower Bollinger Band 94.32
Percent B (%b) 0.95
BandWidth 16.69
MACD Line 4.15
MACD Signal Line 3.61
MACD Histogram 0.5414
Fundamentals Value
Market Cap 6.66 Billion
Num Shares 60.3 Million
EPS 3.58
Price-to-Earnings (P/E) Ratio 30.89
Price-to-Sales 1.98
Price-to-Book 3.62
PEG Ratio 1.59
Dividend 0.17
Dividend Yield 0.15%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 112.27
Resistance 3 (R3) 112.31 111.78 111.98
Resistance 2 (R2) 111.78 111.35 111.76 111.89
Resistance 1 (R1) 111.18 111.08 111.48 111.14 111.79
Pivot Point 110.65 110.65 110.80 110.63 110.65
Support 1 (S1) 110.05 110.22 110.35 110.01 109.35
Support 2 (S2) 109.52 109.95 109.50 109.25
Support 3 (S3) 108.92 109.52 109.16
Support 4 (S4) 108.88