We assign a technical rating of 8 out of 10 to EBC. 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.
- The long and short term trends are both positive. This is looking good!
- EBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EBC has a been trading in the 18.04 - 19.95 range, which is quite wide. It is currently trading near the high of this range.
- EBC has an average volume of 2068050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, EBC turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- EBC is an average performer in the Banks industry, it outperforms 41% of 383 stocks in the same industry.
Besides having an excellent technical rating, EBC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.31, a Stop Loss order could be placed below this zone.
More info and screens
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We found 5 important support areas.
- A support zone ranging from 18.63 to 19.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.21 from a trend line in the daily time frame.
- Support @17.53 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.73 to 16.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.65 to 19.86. 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 | 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 | 62.88 | NEUTRAL | EBC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of EBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.07 | NEUTRAL | The RSI value for EBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65 | NEUTRAL | The Stochastics value for EBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for EBC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for EBC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 19.87 | 18.62 | 1.25 (6.29%) | 15.90% |
| An entry @19.87. This is a Buy Stop order right above the resistance zone. | An exit @18.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.25 points, which is 6.29%. | For a 1.00% total portfolio risk, you can invest 15.90% of your capital in this trade. |
- 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.
19.37
-0.19 (-0.97%)
EASTERN BANKSHARES INC / EBC FAQ
What is the technical rating for EBC stock?
ChartMill assigns a technical rating of 8 / 10 to EBC.
What is the current trend direction of EASTERN BANKSHARES INC (EBC) stock?
The current trend direction for EASTERN BANKSHARES INC (EBC) is Bullish.
What is the RSI signal for EBC stock?
EASTERN BANKSHARES INC (EBC) has an RSI value of 57.073. This indicates that the stock is currently neutral.
What is the short term momentum for EBC stock?
The short term momentum for EASTERN BANKSHARES INC (EBC) is positive.
What is the support and resistance level for EBC stock?
EASTERN BANKSHARES INC (EBC) has a support level at 19.31 and a resistance level at 19.65. Check the full technical report for our detailed analysis of EBC support and resistance levels.