EASTERN BANKSHARES INC (EBC) Stock Technical Analysis
NASDAQ:EBC - Nasdaq - US27627N1054 - Common Stock - Currency: USD
Overall EBC gets a technical rating of 0 out of 10. EBC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EBC is a bad performer in the overall market: 64% of all stocks are doing better.
EBC is one of the lesser performing stocks in the Banks industry. 86% of 395 stocks in the same industry do better.
EBC 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 EBC is lagging the market.
In the last month EBC has a been trading in the 14.10 - 15.56 range, which is quite wide. It is currently trading near the lows of this range.
EBC has an average volume of 1408940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of EBC 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
14.03
19.05
We found 1 important support area.
- A support zone ranging from 14.17 to 14.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @14.43 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.80 to 15.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.60 to 15.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.83 to 18.86. 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 EBC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EBC is down. |
| ChartMill Relative Strength | 36.2 | NEUTRAL | EBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EBC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.67 | NEUTRAL | The RSI value for EBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EBC has a negative trend. |
| Stochastics (14,3) | 8.48 | OVERSOLD | The low Stochastics value suggests EBC may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for EBC suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for EBC 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)
14.32
+0.14 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.99%
1 Week-6.04%
2 Weeks-2.12%
1 Month-8.03%
3 Month-13.68%
6 Month-17.03%
12 Month10.15%
2 Year16.71%
3 Year-22.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%2.46%
ATR Inc18.16%
Range Today0.38
ADR(20)0.33
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.2
Mansfield-1.59
10 Day High15.56
10 Day Low14.1
20 Day High15.56
20 Day Low14.1
52 Week High19.4
52 Week Low12.97
CS1 End14.26
CR1 Start14.43
Volume & EV
DER(3)-1.05%
DER(5)-0.2%
Volume1.41M
Volume Incr36.07%
Vol(5)1.68M
Vol(50)1.41M