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.
EBC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.06. Right above this resistance zone may be a good entry point.
More info and screens
14.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.90 to 18.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.44 to 17.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @14.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.06 to 19.21. 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 | 68.41 | 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) | 61.72 | NEUTRAL | The RSI value for EBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests EBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.15 | OVERBOUGHT | The high Stochastics value suggests EBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for EBC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for EBC suggests a possible start of a new 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 |
|---|---|---|---|
| 19.22 | 17.44 | 1.79 (9.29%) | 10.77% |
| An entry @19.22. This is a Buy Stop order right above the resistance zone. | An exit @17.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.79 points, which is 9.29%. | For a 1.00% total portfolio risk, you can invest 10.77% 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.
19.05
+0.14 (+0.74%)
EASTERN BANKSHARES INC / EBC FAQ
What is the technical rating for EBC stock?
ChartMill assigns a technical rating of 8 / 10 to EBC.
Can you provide the trend direction for EASTERN BANKSHARES INC?
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 61.7191. This indicates that the stock is currently neutral.
What is the MACD signal for EASTERN BANKSHARES INC (EBC) stock?
The MACD indicator for EASTERN BANKSHARES INC (EBC) has a value of 0.108706, indicating a bearish trend.
What are the support and resistance levels for EASTERN BANKSHARES INC (EBC) stock?
EASTERN BANKSHARES INC (EBC) has a support level at 18.13 and a resistance level at 19.06. Check the full technical report for our detailed analysis of EBC support and resistance levels.