EASTERN BANKSHARES INC (EBC) Stock Technical Analysis
USA - NASDAQ:EBC - US27627N1054 - Common Stock
17.92 USD
-0.83 (-4.43%)
Taking everything into account, EBC scores 8 out of 10 in our technical rating. Although EBC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
EBC is one of the better performing stocks in the Banks industry, it outperforms 82% of 391 stocks in the same industry.
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.
EBC has an average volume of 2114880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, EBC did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month EBC has a been trading in the 17.58 - 19.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, EBC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 17.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EBC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.12
19.34
We found 4 important support areas.
- A support zone ranging from 17.82 to 17.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.33 to 16.46. 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.
3 important resistance areas can be observed.
- Resistance @17.99 from a trend line in the daily time frame.
- Resistance @18.84 from a horizontal line in the weekly time frame.
- Resistance @19.15 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 | 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 | 74.24 | POSITIVE | EBC has a high relative strength, it outperformed 74.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EBC is below 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) | UP | POSITIVE | The current price of EBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.46 | NEUTRAL | The RSI value for EBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.55 | NEUTRAL | The Stochastics value for EBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for EBC suggests some volalility. |
| Average Directional Index/ADX (14) | 41.09 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.49 | 17.81 | 0.68 (3.67%) | 25.00% |
| An entry @18.49. This is a Buy Stop order right above the 10 day moving average. | An exit @17.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.68 points, which is 3.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- The distance between exit and entry is rather small compared to the average daily movement of EBC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:EBC (10/16/2025, 10:18:21 AM)
17.92
-0.83 (-4.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-4.43%
1 Week0.54%
2 Weeks2.74%
1 Month6.84%
3 Month17.08%
6 Month27.29%
12 Month8.51%
2 Year70.3%
3 Year-2.19%
5 Year56.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%2.65%
ATR Inc49.03%
Range Today0.79
ADR(20)0.48
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.24
Mansfield0.18
10 Day High19.11
10 Day Low17.79
20 Day High19.11
20 Day Low17.58
52 Week High19.4
52 Week Low13.51
CS1 End17.99
CR1 Start18.84
Volume & EV
DER(3)5.3%
DER(5)6.08%
Volume78.78K
Volume Incr85.2%
Vol(5)4.78M
Vol(50)2.11M