ESIO pops to highest close since September 7th


Electro Scientific Industries Inc. (ESIO) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

ESIO closes higher for the 2nd day in a row
ESIO rises to highest close since September 7th
ESIO closes within previous day's range after lackluster session
ESIO ends the day indecisive

Overview

Moving higher for the 2nd day in a row, ESIO ended the week -0.71% lower at 18.26 after gaining $0.09 (0.5%) today. Today's closing price of 18.26 marks the highest close since September 7th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (ESIO as at Sep 14, 2018):

Daily technical analysis candlestick chart for Electro Scientific Industries Inc. (ESIO) as at Sep 14, 2018

Friday's trading range was $0.29 (1.59%), that's far below last trading month's daily average range of $0.72. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 17.85.

The market shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.


Market Conditions for ESIO as at Sep 14, 2018

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