EBANG INTERNATIONAL HLDGS-A (EBON) Stock Technical Analysis
USA - NASDAQ:EBON - KYG3R33A2053 - Common Stock
Overall EBON gets a technical rating of 3 out of 10. In the last year, EBON was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
EBON has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.50, a Stop Loss order could be placed below this zone.
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3.22
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.43 to 4.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.31 to 4.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.43 from a trend line in the daily time frame.
- Support @3.33 from a horizontal line in the weekly time frame.
- Support @3.25 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 4.59 to 4.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.74 to 4.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.19 to 5.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @5.34 from a trend line in the daily time frame.
- Resistance @6.56 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for EBON is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EBON is neutral. |
| ChartMill Relative Strength | 20.4 | NEGATIVE | EBON has a low relative strength, it was outperformed by 79.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EBON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EBON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.39 | NEUTRAL | The RSI value for EBON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EBON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.14 | OVERSOLD | The low Stochastics value suggests EBON may be oversold. |
| Average True Range in percent/ATR (20) | 10.68 | HIGH VOLATILITY | The high ATR as a percentage value for EBON suggests high volalility. |
| Average Directional Index/ADX (14) | 15.29 | NEGATIVE | The low ADX value for EBON suggests a weak or negative trend. |
4.56
+0.08 (+1.79%)
EBANG INTERNATIONAL HLDGS-A / EBON FAQ
What is the technical rating for EBON stock?
ChartMill assigns a technical rating of 3 / 10 to EBON.
What is the trend direction for EBON stock?
The current trend direction for EBANG INTERNATIONAL HLDGS-A (EBON) is Bearish.
What is the RSI signal for EBON stock?
EBANG INTERNATIONAL HLDGS-A (EBON) has an RSI value of 48.3931. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EBANG INTERNATIONAL HLDGS-A?
The MACD indicator for EBANG INTERNATIONAL HLDGS-A (EBON) has a value of -0.0574684, indicating a bearish trend.
Can you provide the support and resistance levels for EBANG INTERNATIONAL HLDGS-A?
EBANG INTERNATIONAL HLDGS-A (EBON) has a support level at 4.5 and a resistance level at 4.59. Check the full technical report for our detailed analysis of EBON support and resistance levels.