EBF Technical Analysis - ENNIS INC

Technical Rating and Analysis

Overall EBF gets a technical rating of 0 out of 10. EBF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, EBF is a bad performer in the overall market: 81% of all stocks are doing better.

EBF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month EBF has a been trading in the 17.40 - 18.70 range, which is quite wide. It is currently trading near the lows of this range.

EBF is an average performer in the Commercial Services & Supplies industry, it outperforms 46% of 84 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, EBF does present a nice setup opportunity. Prices have been consolidating lately. 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.10

19.04

We found 2 important support areas.

Support @17.57 from a horizontal line in the weekly time frame.
A support zone ranging from 17.27 to 17.27. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 18.02 to 18.31. This zone is formed by a combination of multiple trend lines and important moving averages 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.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for EBF is down.
ChartMill Relative Strength	19.89	NEGATIVE	EBF has a low relative strength, it was outperformed by 80.11% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EBF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EBF is below 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)	41.36	NEUTRAL	The RSI value for EBF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests EBF has a negative trend.
Stochastics (14,3)	8.72	OVERSOLD	The low Stochastics value suggests EBF may be oversold.
Average True Range in percent/ATR (20)	2.03	MEDIUM VOLATILITY	The ATR as a percentage value for EBF suggests some volalility.
Average Directional Index/ADX (14)	21.9	NEUTRAL	The ADX value for EBF suggests a possible start of a new trend.