ENTERPRISE BANCORP INC (EBTC) Stock Technical Analysis
USA - NASDAQ:EBTC - US2936681095 - Common Stock
Overall EBTC gets a technical rating of 10 out of 10. 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.
EBTC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
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.
When analyzing the resistance we notice 2 important areas.
- 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. |
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 trade has a worst case loss of 1.88 points, which is 4.62%. | When investing 21.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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%)
ENTERPRISE BANCORP INC / EBTC FAQ
What is the technical rating for EBTC stock?
ChartMill assigns a technical rating of 10 / 10 to EBTC.
What is the trend direction for EBTC stock?
The current trend direction for ENTERPRISE BANCORP INC (EBTC) is Bullish.
Can you provide the RSI signal for ENTERPRISE BANCORP INC?
ENTERPRISE BANCORP INC (EBTC) has an RSI value of 52.2955. This indicates that the stock is currently neutral.
What is the MACD signal for ENTERPRISE BANCORP INC (EBTC) stock?
The MACD indicator for ENTERPRISE BANCORP INC (EBTC) has a value of -0.0205854, indicating a bearish trend.
What is the buy/sell signal for ENTERPRISE BANCORP INC (EBTC) stock?
The buy/sell signal for ENTERPRISE BANCORP INC (EBTC) is buy as both the short term and long term trends are positive.