ENTERPRISE BANCORP INC (EBTC) Stock Technical Analysis
NASDAQ:EBTC - Nasdaq - US2936681095 - Common Stock - Currency: USD
Taking everything into account, EBTC scores 10 out of 10 in our technical rating. EBTC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: EBTC has an average volume of 23648 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EBTC is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, EBTC also shows a nice and consistent pattern of rising prices.
EBTC is part of the Banks industry. There are 396 other stocks in this industry. EBTC outperforms 97% of them.
EBTC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EBTC is lagging the market slightly.
In the last month EBTC has a been trading in the 36.06 - 41.40 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Volume is considerably higher in the last couple of days.
EBTC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 40.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.51, a Stop Loss order could be placed below this zone.
More info and screens
33.42
44.82
We found 5 important support areas.
- A support zone ranging from 38.81 to 39.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.19 from a horizontal line in the daily time frame.
- Support @36.99 from a trend line in the weekly time frame.
- A support zone ranging from 34.63 to 35.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.76 to 33.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 40.54 to 40.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 43.48 to 44.38. 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 | UP | POSITIVE | The long term trend for EBTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBTC is up. |
| ChartMill Relative Strength | 90.41 | POSITIVE | EBTC has a high relative strength, it outperformed 90.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.3 | NEUTRAL | The RSI value for EBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EBTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.21 | NEUTRAL | The Stochastics value for EBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for EBTC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for EBTC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 40.68 | 38.80 | 1.88 (4.62%) | 21.64% |
| An entry @40.68. This is a Buy Stop order right above the resistance zone. | An exit @38.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.88 points, which is 4.62%. | For a 1.00% total portfolio risk, you can invest 21.64% of your capital in this trade. |
- 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.
39.64
-0.3 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.75%
1 Week0.51%
2 Weeks-0.4%
1 Month2.83%
3 Month13.91%
6 Month0.97%
12 Month71.97%
2 Year36.97%
3 Year23.14%
5 Year66.41%
10 Year69.11%
15 Year277.52%
Volatility
ATR(14)1.13
ATR(20)%2.6%
ATR Inc-48.8%
Range Today0.75
ADR(20)0.96
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.41
Mansfield0.26
10 Day High40.28
10 Day Low36.06
20 Day High41.4
20 Day Low36.06
52 Week High44.41
52 Week Low23.02
CS1 End39.51
CR1 Start40.54
Volume & EV
DER(3)-1.21%
DER(5)0.81%
Volume57.90K
Volume Incr82.66%
Vol(5)37.18K
Vol(50)23.65K