EVENTBRITE INC-CLASS A (EB) Stock Technical Analysis
NYSE:EB - New York Stock Exchange, Inc. - US29975E1091 - Common Stock - Currency: USD
Taking everything into account, EB scores 2 out of 10 in our technical rating. In the past year, EB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% of all other stocks performed better in the past year than EB.
EB is one of the lesser performing stocks in the Entertainment industry. 74% of 72 stocks in the same industry do better.
EB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EB has a been trading in the 2.21 - 2.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of EB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.25
2.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.47 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.34 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.27 to 2.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.56 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.63 from a trend line in the daily time frame.
- A resistance zone ranging from 2.72 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EB is neutral. |
| ChartMill Relative Strength | 11.65 | NEGATIVE | EB has a low relative strength, it was outperformed by 88.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.07 | NEUTRAL | The RSI value for EB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.49 | NEUTRAL | The Stochastics value for EB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for EB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.66 | NEUTRAL | The ADX value for EB suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.5
+0.08 (+3.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg3.31%
1 Week-0.4%
2 Weeks-4.94%
1 Month0.81%
3 Month19.05%
6 Month-25.6%
12 Month-51.64%
2 Year-78.28%
3 Year-73.29%
5 Year-70.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.91%
ATR Inc6.14%
Range Today0.11
ADR(20)0.12
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.65
Mansfield-2
10 Day High2.69
10 Day Low2.21
20 Day High2.8
20 Day Low2.21
52 Week High5.41
52 Week Low1.81
CS1 End2.48
CR1 Start2.56
Volume & EV
DER(3)6.53%
DER(5)2.48%
Volume850.23K
Volume Incr177.83%
Vol(5)1.56M
Vol(50)742.25K