ESS Tech, Inc.
Here’s whether ESS Tech, Inc. (GWH) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-8.63% over 10 days); RSI 29 — oversold; weak 1-year return of -73.7%; 3-month momentum negative (-57.7%); rising volume on a downtrend (distribution, 1.51x avg). Currently 97.1% off its 52-week high. Score: -7/7.
GWH is trading below its 200-day MA ($1.44) — a key warning sign the longer-term trend is under pressure. An RSI of 28.9 has dropped into oversold territory, which has historically preceded short-term bounces. The 1-year return of -73.7% compares to +20.5% for SPY (trailed the market by 94.2%). The current 97.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.