EASTERN BANKSHARES INC (EBC) Stock Technical Analysis
USA - NASDAQ:EBC - US27627N1054 - Common Stock
18.15 USD
+0.6 (+3.42%)
18.15 USD
0 (0%)
Overall EBC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EBC is only an average performer.
The long and short term trends are both positive. This is looking good!
EBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EBC is lagging the market slightly.
In the last month EBC has a been trading in the 15.74 - 18.18 range, which is quite wide. It is currently trading near the high of this range.
EBC has an average volume of 1476330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EBC is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
EBC is an average performer in the Banks industry, it outperforms 69% of 392 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although EBC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.12
19.03
We found 4 important support areas.
- A support zone ranging from 16.95 to 17.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.86 to 15.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.79 from a trend line in the weekly time frame.
- A support zone ranging from 14.26 to 14.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @18.84 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for EBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBC is up. |
| ChartMill Relative Strength | 74.13 | POSITIVE | EBC has a high relative strength, it outperformed 74.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EBC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.35 | OVERBOUGHT | The high RSI value suggests EBC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EBC has a positive trend. |
| Stochastics (14,3) | 79.14 | NEUTRAL | The Stochastics value for EBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for EBC suggests some volalility. |
| Average Directional Index/ADX (14) | 40.23 | POSITIVE | The high ADX value value for EBC suggests a strong 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)
18.15
+0.6 (+3.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.42%
1 Week4.25%
2 Weeks4.61%
1 Month14.08%
3 Month26.75%
6 Month9.4%
12 Month7.4%
2 Year44.74%
3 Year-7.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.27%
ATR Inc60.08%
Range Today0.6
ADR(20)0.4
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.13
Mansfield-0.14
10 Day High18.18
10 Day Low16.77
20 Day High18.18
20 Day Low15.74
52 Week High19.4
52 Week Low13.51
CS1 End17.39
CR1 Start18.84
Volume & EV
DER(3)2.26%
DER(5)3.91%
Volume1.56M
Volume Incr57.79%
Vol(5)2.02M
Vol(50)1.48M