EDIBLE GARDEN AG INC (EDBL) Stock Technical Analysis
USA - NASDAQ:EDBL - US28059P4028 - Common Stock
Taking everything into account, EDBL scores 0 out of 10 in our technical rating. EDBL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
EDBL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for EDBL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.57
3 important resistance areas can be observed.
- A resistance zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.94 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.24 from a trend 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 | DOWN | NEGATIVE | The long term trend for EDBL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDBL is down. |
| ChartMill Relative Strength | 4.31 | NEGATIVE | EDBL has a low relative strength, it was outperformed by 95.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDBL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDBL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EDBL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.63 | NEUTRAL | The RSI value for EDBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EDBL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.41 | OVERSOLD | The low Stochastics value suggests EDBL may be oversold. |
| Average True Range in percent/ATR (20) | 12.3 | HIGH VOLATILITY | The high ATR as a percentage value for EDBL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.78 | POSITIVE | The high ADX value value for EDBL suggests a strong trend. |
1.59
-0.02 (-1.24%)
EDIBLE GARDEN AG INC / EDBL FAQ
What is the technical rating for EDBL stock?
ChartMill assigns a technical rating of 0 / 10 to EDBL.
What is the current trend direction of EDIBLE GARDEN AG INC (EDBL) stock?
The current trend direction for EDIBLE GARDEN AG INC (EDBL) is Bearish.
Can you provide the RSI signal for EDIBLE GARDEN AG INC?
EDIBLE GARDEN AG INC (EDBL) has an RSI value of 38.6328. This indicates that the stock is currently neutral.
What is the short term momentum for EDIBLE GARDEN AG INC (EDBL) stock?
The short term momentum for EDIBLE GARDEN AG INC (EDBL) is negative.
What is the support and resistance level for EDBL stock?
EDIBLE GARDEN AG INC (EDBL) has a resistance level at 1.65. Check the full technical report for our detailed analysis of EDBL support and resistance levels.