EVENTBRITE INC-CLASS A (EB) Stock Technical Analysis
NYSE:EB - New York Stock Exchange, Inc. - US29975E1091 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to EB. EB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
When comparing the yearly performance of all stocks, EB is a bad performer in the overall market: 90% of all stocks are doing better.
EB is part of the Entertainment industry. There are 72 other stocks in this industry, of which 74% are performing better than EB.
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.
EB has a poor technical rating and the quality of the setup is also not perfect 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
We found 2 important support areas.
- A support zone ranging from 2.32 to 2.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.45 to 2.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.54 to 2.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.72 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 | 10.74 | NEGATIVE | EB has a low relative strength, it was outperformed by 89.26% 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) | UP | MIXED | The current price of EB is below 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) | 46.93 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 51.68 | NEUTRAL | The Stochastics value for EB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for EB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.56 | NEGATIVE | The low ADX value for EB suggests a weak or negative 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)
2.45
-0.02 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.81%
1 Week4.26%
2 Weeks-2%
1 Month-6.49%
3 Month16.67%
6 Month-27.08%
12 Month-52.61%
2 Year-78.71%
3 Year-73.82%
5 Year-71.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.87%
ATR Inc-47.35%
Range Today0.06
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
CRS10.74
Mansfield-2.26
10 Day High2.62
10 Day Low2.21
20 Day High2.8
20 Day Low2.21
52 Week High5.41
52 Week Low1.81
CS1 End2.34
CR1 Start2.45
Volume & EV
DER(3)-2.01%
DER(5)1.77%
Volume352.00K
Volume Incr-13.9%
Vol(5)688.18K
Vol(50)697.78K