EVENTBRITE INC-CLASS A (EB) Stock Technical Analysis
USA - NYSE:EB - US29975E1091 - Common Stock
We assign a technical rating of 0 out of 10 to EB. EB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, EB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.26, a Stop Loss order could be placed below this zone.
More info and screens
2.13
We found 2 important support areas.
- A support zone ranging from 2.20 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.15 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.38 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.59 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.83 from a trend line in the weekly time frame.
- Resistance @3.01 from a trend 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 | DOWN | NEGATIVE | The short term trend for EB is down. |
| ChartMill Relative Strength | 14.38 | NEGATIVE | EB has a low relative strength, it was outperformed by 85.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EB is below a declining 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) | 44.06 | NEUTRAL | The RSI value for EB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EB has a positive trend. |
| Stochastics (14,3) | 56.6 | NEUTRAL | The Stochastics value for EB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for EB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.74 | NEUTRAL | The ADX value for EB suggests a possible start of a new trend. |
2.38
+0.01 (+0.42%)
EVENTBRITE INC-CLASS A / EB FAQ
What is the ChartMill technical rating of EVENTBRITE INC-CLASS A (EB) stock?
ChartMill assigns a technical rating of 0 / 10 to EB.
Can you provide the trend direction for EVENTBRITE INC-CLASS A?
The current trend direction for EVENTBRITE INC-CLASS A (EB) is Bearish.
What is the RSI signal for EVENTBRITE INC-CLASS A (EB) stock?
EVENTBRITE INC-CLASS A (EB) has an RSI value of 44.0647. This indicates that the stock is currently neutral.
What is the MACD signal for EB stock?
The MACD indicator for EVENTBRITE INC-CLASS A (EB) has a value of 0.00950757, indicating a bearish trend.
Can you provide the support and resistance levels for EVENTBRITE INC-CLASS A?
EVENTBRITE INC-CLASS A (EB) has a support level at 2.26 and a resistance level at 2.38. Check the full technical report for our detailed analysis of EB support and resistance levels.