ENTERPRISE BANCORP INC (EBTC) Stock Technical Analysis
NASDAQ:EBTC - Nasdaq - US2936681095 - Common Stock - Currency: USD
Taking everything into account, EBTC scores 7 out of 10 in our technical rating. EBTC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: EBTC has an average volume of 26380 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, EBTC did better than 90% of all other stocks. We also observe that the gains produced by EBTC over the past year are nicely spread over this period.
EBTC is part of the Banks industry. There are 504 other stocks in this industry. EBTC outperforms 94% of them.
EBTC 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 EBTC is performing more or less in line with the market.
In the last month EBTC has a been trading in the 37.46 - 41.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, EBTC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.26. Right above this resistance zone may be a good entry point.
More info and screens
33.42
44.82
When analyzing the support we can see 3 important areas.
- Support @35.91 from a trend line in the weekly time frame.
- A support zone ranging from 34.63 to 34.81. 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 39.26 to 40.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for EBTC is neutral. |
| ChartMill Relative Strength | 90.63 | POSITIVE | EBTC has a high relative strength, it outperformed 90.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EBTC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EBTC is above a declining 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) | 51.11 | NEUTRAL | The RSI value for EBTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests EBTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.19 | NEUTRAL | The Stochastics value for EBTC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for EBTC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.66 | 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 |
|---|---|---|---|
| 40.17 | 37.45 | 2.72 (6.77%) | 14.77% |
| An entry @40.17. This is a Buy Stop order right above the resistance zone. | An exit @37.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.72 points, which is 6.77%. | For a 1.00% total portfolio risk, you can invest 14.77% 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.
38.8
+0.3 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.78%
1 Week-0.31%
2 Weeks0.57%
1 Month1.17%
3 Month-1.45%
6 Month6.45%
12 Month61.6%
2 Year34.07%
3 Year20.53%
5 Year62.89%
10 Year65.53%
15 Year269.52%
Volatility
ATR(14)0.75
ATR(20)%1.99%
ATR Inc-19.67%
Range Today0.54
ADR(20)0.65
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.63
Mansfield0.73
10 Day High39.11
10 Day Low37.46
20 Day High41.12
20 Day Low37.46
52 Week High44.41
52 Week Low22.6
CS1 End35.91
CR1 Start39.26
Volume & EV
DER(3)1.43%
DER(5)0.68%
Volume23.30K
Volume Incr-7.71%
Vol(5)21.26K
Vol(50)26.38K