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An Analysis of Energy Services of America Corp (ESOA)’s Potential Price Growth

In a filing, Energy Services of America Corp revealed its Director Prince Mark acquired Company’s shares for reported $82500.0 on Mar 21 ’24. In the deal valued at $8.25 per share,10,000 shares were bought. As a result of this transaction, Prince Mark now holds 75,071 shares worth roughly $0.64 million.

Then, Prince Mark bought 4,000 shares, generating $32,360 in total proceeds. Upon buying the shares at $8.09, the Director now owns 69,071 shares.

Before that, Lucente Frank S sold 3,000 shares. Energy Services of America Corp shares valued at $24,120 were divested by the Director at a price of $8.04 per share. As a result of the transaction, Lucente Frank S now holds 305,327 shares, worth roughly $2.59 million.

Price Performance Review of ESOA

On Tuesday, Energy Services of America Corp [NASDAQ:ESOA] saw its stock fall -3.85% to $8.48. Over the last five days, the stock has gained 1.68%. Energy Services of America Corp shares have risen nearly 41.81% since the year began. Nevertheless, the stocks have risen 256.30% over the past one year. While a 52-week high of $8.83 was reached on 04/09/24, a 52-week low of $1.84 was recorded on 01/16/24. SMA at 50 days reached $7.95, while 200 days put it at $5.12. A total of 0.22 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For ESOA Stock

The 24-hour chart illustrates a support level at 8.10, which if violated will result in even more drops to 7.72. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 9.87. The Relative Strength Index (RSI) on the 14-day chart is 56.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.82%. Stochastics %K at 64.99% indicates the stock is a holding.

How much short interest is there in Energy Services of America Corp?

A steep rise in short interest was recorded in Energy Services of America Corp stocks on Mar 15, 2024, growing by 19650.0 shares to a total of 0.11 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 93720.0 shares. There was a rise of 17.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.85.

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