ENNIS INC (EBF) Stock Technical Analysis
NYSE:EBF • US2933891028
We assign a technical rating of 8 out of 10 to EBF. Although EBF 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.
- EBF is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 70% of 80 stocks in the same industry.
- EBF 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 EBF is lagging the market slightly.
- In the last month EBF has a been trading in the 18.87 - 21.32 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, EBF outperforms 63% of them, which is more or less in line with the market.
Although EBF has an excellent technical rating, the quality of the presented setup is not ideal 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.
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17.82
When analyzing the support we can see 2 important areas.
- Support @19.93 from a trend line in the daily time frame.
- A support zone ranging from 18.00 to 18.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.05 to 21.22. 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 EBF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBF is up. |
| ChartMill Relative Strength | 63.77 | NEUTRAL | EBF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.84 | NEUTRAL | The RSI value for EBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EBF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.65 | OVERBOUGHT | The high Stochastics value suggests EBF may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for EBF suggests some volalility. |
| Average Directional Index/ADX (14) | 38.18 | POSITIVE | The high ADX value value for EBF suggests a strong 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 |
|---|---|---|---|
| 21.23 | 20.10 | 1.13 (5.32%) | 18.79% |
| An entry @21.23. This is a Buy Stop order right above the resistance zone. | An exit @20.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 5.32%. | When investing 18.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.04
-0.18 (-0.85%)
ENNIS INC / EBF FAQ
Can you provide the ChartMill technical rating for ENNIS INC?
ChartMill assigns a technical rating of 8 / 10 to EBF.
What is the current trend direction of ENNIS INC (EBF) stock?
The current trend direction for ENNIS INC (EBF) is Bullish.
What is the RSI signal for EBF stock?
ENNIS INC (EBF) has an RSI value of 67.8448. This indicates that the stock is currently neutral.
What is the MACD signal for EBF stock?
The MACD indicator for ENNIS INC (EBF) has a value of 0.00449878, indicating a bearish trend.
Can you provide the short term momentum for ENNIS INC?
The short term momentum for ENNIS INC (EBF) is positive.