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 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EB was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, EB is a bad performer in the overall market: 85% of all stocks are doing better.
EB is one of the lesser performing stocks in the Entertainment industry. 67% of 72 stocks in the same industry do better.
EB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EB is lagging the market.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month EB has a been trading in the 2.17 - 2.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, EB does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for EB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.08
2.67
3 important support areas can be observed.
- Support @2.37 from a trend line in the daily time frame.
- Support @2.14 from a horizontal line in the daily time frame.
- Support @2.10 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.49 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.64 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for EB is up. |
| ChartMill Relative Strength | 15.38 | NEGATIVE | EB has a low relative strength, it was outperformed by 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EB is above 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) | 54.26 | NEUTRAL | The RSI value for EB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EB has a negative trend. |
| Stochastics (14,3) | 43.34 | NEUTRAL | The Stochastics value for EB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for EB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.53 | 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)
2.48
-0.01 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.4%
1 Week2.9%
2 Weeks-2.36%
1 Month9.25%
3 Month13.76%
6 Month-26.41%
12 Month-48.76%
2 Year-74.03%
3 Year-75.85%
5 Year-71.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.93%
ATR Inc14.07%
Range Today0.1
ADR(20)0.1
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.38
Mansfield-2.27
10 Day High2.67
10 Day Low2.4
20 Day High2.67
20 Day Low2.17
52 Week High5.92
52 Week Low1.81
CS1 End2.37
CR1 Start2.49
Volume & EV
DER(3)5.34%
DER(5)7.26%
Volume639.04K
Volume Incr-16.98%
Vol(5)518.63K
Vol(50)700.88K