ENNIS INC (EBF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EBF - US2933891028 - Common Stock
Taking everything into account, EBF scores 2 out of 10 in our technical rating. In the past year, EBF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, EBF does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EBF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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16.22
2 important support areas can be observed.
- A support zone ranging from 17.02 to 17.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.38 to 16.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.61 to 18.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.70 to 18.85. 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 | DOWN | NEGATIVE | The long term trend for EBF is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBF is up. |
| ChartMill Relative Strength | 24.36 | NEGATIVE | EBF has a low relative strength, it was outperformed by 75.64% off all stocks 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) | DOWN | MIXED | The current price of EBF is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EBF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.79 | NEUTRAL | The RSI value for EBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EBF has a positive trend. |
| Stochastics (14,3) | 97.02 | OVERBOUGHT | The high Stochastics value suggests EBF may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for EBF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for EBF suggests a weak or negative trend. |
17.6
+0.01 (+0.06%)
ENNIS INC / EBF FAQ
Can you provide the ChartMill technical rating for ENNIS INC?
ChartMill assigns a technical rating of 2 / 10 to EBF.
What is the trend direction for EBF stock?
The current trend direction for ENNIS INC (EBF) is Bearish.
What is the RSI signal for ENNIS INC (EBF) stock?
ENNIS INC (EBF) has an RSI value of 60.7892. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ENNIS INC?
The short term momentum for ENNIS INC (EBF) is positive.
What are the support and resistance levels for ENNIS INC (EBF) stock?
ENNIS INC (EBF) has a support level at 17.43 and a resistance level at 17.61. Check the full technical report for our detailed analysis of EBF support and resistance levels.