Meridian Bncp (EBSB) Stock Technical Analysis
NASDAQ:EBSB - Nasdaq -
We assign a technical rating of 10 out of 10 to EBSB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EBSB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, EBSB did better than 88% of all other stocks. On top of that, EBSB also shows a nice and consistent pattern of rising prices.
EBSB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EBSB is performing more or less in line with the market.
EBSB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, EBSB also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
18.87
25.48
5 important support areas can be observed.
- A support zone ranging from 24.14 to 24.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.51 to 23.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.01 from a trend line in the weekly time frame.
- A support zone ranging from 19.63 to 19.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @25.23 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for EBSB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBSB is up. |
| ChartMill Relative Strength | 88.75 | POSITIVE | EBSB has a high relative strength, it outperformed 88.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBSB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBSB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBSB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.94 | NEUTRAL | The RSI value for EBSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EBSB has a negative trend. |
| Stochastics (14,3) | 63.21 | NEUTRAL | The Stochastics value for EBSB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for EBSB suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 25.24 | 24.13 | 1.11 (4.40%) | 22.74% |
| An entry @25.24. This is a Buy Stop order right above the resistance zone. | An exit @24.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.11 points, which is 4.40%. | For a 1.00% total portfolio risk, you can invest 22.74% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EBSB. Please evaluate whether better entry and exit points can be found.
- 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.
24.15
-0.5 (-2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryThrifts & Mortgage Finance
Performance
% Chg-2.03%
1 Week-2.54%
2 Weeks4.09%
1 Month9.82%
3 Month17.46%
6 Month11.39%
12 Month77.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%3.03%
ATR Inc16.72%
Range Today1.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.75
Mansfield1.2
10 Day High25.72
10 Day Low23.34
20 Day High25.72
20 Day Low21.87
52 Week High25.72
52 Week Low13.63
CS1 End24.14
CR1 Start25.23
Volume & EV
DER(3)-0.73%
DER(5)1.42%
Volume1.38M
Volume Incr103.83%
Vol(5)555.90K
Vol(50)277.98K