ENTERPRISE BANCORP INC (EBTC) Technical Analysis
NASDAQ:EBTC • US2936681095
Current stock price
EBTC Technical Rating and Analysis
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.
- 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 376 other stocks in this industry. EBTC outperforms 99% 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 Weekly and Daily overview Charts
EBTC Setup Rating and Analysis
Besides having an excellent technical rating, EBTC 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.
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EBTC Support and Resistance Analysis
33.42
5 important support areas can be observed.
- 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.
EBTC Technical Indicator Signal Analysis
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. |
EBTC Chart- and CandleStick Pattern Analysis
EBTC Example Setup
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.
EBTC Technicals: Chart, Performance Metrics, Trend & Indicators
39.64
-0.3 (-0.75%)
ENTERPRISE BANCORP INC / EBTC TA FAQ
Can you provide the ChartMill technical rating for ENTERPRISE BANCORP INC?
ChartMill assigns a technical rating of 10 / 10 to EBTC.
Can you provide the trend direction for ENTERPRISE BANCORP INC?
The current trend direction for ENTERPRISE BANCORP INC (EBTC) is Bullish.
What is the RSI signal for EBTC stock?
ENTERPRISE BANCORP INC (EBTC) has an RSI value of 52.2955. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENTERPRISE BANCORP INC?
The MACD indicator for ENTERPRISE BANCORP INC (EBTC) has a value of -0.0205854, indicating a bearish trend.
What is the support and resistance level for EBTC stock?
ENTERPRISE BANCORP INC (EBTC) has a support level at 39.51 and a resistance level at 40.54. Check the full technical report for our detailed analysis of EBTC support and resistance levels.