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Stock Charts AI Power Rank: 6.0
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
ESAB Corp (ESAB)
Industry: Metal Fabrication
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ESAB has been trading in a range between $103.32 and $91.98 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ESAB is trading between resistance at $105.88 about 6% to the upside and support at $96.46 -4% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $113.86, about a 14% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
ESAB Corp $ESAB entered a Green zone 10 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $82.57, a potential down side of -17.36% from the recent price of 99.91. The stock is trading 14.77% (potential upside) below its 52 week high of $114.67 and 62.99 % (potential downside) above its 52 week low of $61.30 - based on the recent price.
Company Summary
ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and 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 comprising electrodes, nozzles, shields, and tips. The company's equipment ranges from portable welding machines to large customized automated cutting and welding systems.
News
| SKFRY vs. ESAB: Which Stock Is the Better Value Option? Investors with an interest in Metal Products - Procurement and Fabrication stocks have likely encountered both AB SKF (SKFRY) and Esab (ESAB). But which of these two companies is the best option for those looking for undervalued stocks? Source: Zacks Investment Research Fri, 12 Jul 2024 12:41:21 -0400 Sentiment: Positive |
| ESAB Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call NORTH BETHESDA, Md.--(BUSINESS WIRE)---- $ESAB #ESAB2Q2024Earnings--ESAB Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call. Source: Business Wire Tue, 09 Jul 2024 07:01:00 -0400 Sentiment: Neutral |
| SKFRY vs. ESAB: Which Stock Should Value Investors Buy Now? Investors interested in stocks from the Metal Products - Procurement and Fabrication sector have probably already heard of AB SKF (SKFRY) and Esab (ESAB). But which of these two stocks presents investors with the better value opportunity right now? Source: Zacks Investment Research Wed, 26 Jun 2024 12:45:40 -0400 Sentiment: Positive |
| Zacks Industry Outlook AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe have been highlighted in this Industry Outlook article. Source: Zacks Investment Research Mon, 10 Jun 2024 05:51:12 -0400 Sentiment: Neutral |
| 5 Metal Fabrication Stocks to Watch Amid Improving Industry Trends Easing supply-chain issues and solid end-market demand should aid the Metal Products - Procurement and Fabrication industry's growth. SKFRY, TKR, ESAB, KALU and NWPX are some stocks to watch, backed by their healthy growth prospects. Source: Zacks Investment Research Fri, 07 Jun 2024 10:56:11 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 114.6731 52 Week Low: 61.302 Beta: 1.364 50 Day MA: 98.4342 200 Day MA: 92.0396 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.864 Qtr Revenue Growth YOY: 0.008 Forward PE: 22.5225 Trailing PE: 24.7313