EBANG INTERNATIONAL HLDGS-A (EBON) Stock Technical Analysis
NASDAQ:EBON • KYG3R33A2053
Taking everything into account, EBON scores 0 out of 10 in our technical rating. EBON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than EBON.
- EBON is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 68% of 36 stocks in the same industry do better.
- EBON 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.
- Warning: EBON has an average volume of 12046 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month EBON has a been trading in the 2.30 - 3.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EBON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for EBON 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.
More info and screens
2.60
We can see 6 important resistance areas.
- Resistance @2.72 from a horizontal line in the daily time frame.
- Resistance @2.86 from a trend line in the daily time frame.
- Resistance @3.05 from a trend line in the daily time frame.
- A resistance zone ranging from 3.14 to 3.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.47 from a horizontal line in the daily time frame.
- Resistance @5.19 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for EBON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EBON is down. |
| ChartMill Relative Strength | 8.72 | NEGATIVE | EBON has a low relative strength, it was outperformed by 91.28% 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) | DOWN | NEGATIVE | The current price of EBON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EBON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.56 | NEUTRAL | The RSI value for EBON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EBON has a positive trend. |
| Stochastics (14,3) | 47.75 | NEUTRAL | The Stochastics value for EBON is a neutral value. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for EBON suggests high volalility. |
| Average Directional Index/ADX (14) | 22.37 | NEUTRAL | The ADX value for EBON suggests a possible start of a new trend. |
2.63
-0.09 (-3.18%)
EBANG INTERNATIONAL HLDGS-A / EBON FAQ
What is the technical rating for EBON stock?
ChartMill assigns a technical rating of 0 / 10 to EBON.
What is the current trend direction of EBANG INTERNATIONAL HLDGS-A (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 39.564. This indicates that the stock is currently neutral.
What is the MACD signal for EBON stock?
The MACD indicator for EBANG INTERNATIONAL HLDGS-A (EBON) has a value of 0.011983, indicating a bearish trend.
What is the buy/sell signal for EBON stock?
The buy/sell signal for EBANG INTERNATIONAL HLDGS-A (EBON) is sell as both the short term and long term trends are negative.