EDIBLE GARDEN AG INC (EDBL) Stock Technical Analysis
NASDAQ:EDBL - Nasdaq - US28059P4028 - Common Stock - Currency: USD
Overall EDBL gets a technical rating of 2 out of 10. EDBL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EDBL is a bad performer in the overall market: 95% of all stocks are doing better.
EDBL is one of the lesser performing stocks in the Food Products industry. 84% of 89 stocks in the same industry do better.
EDBL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EDBL is lagging the market.
In the last month EDBL has a been trading in the 2.54 - 6.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
EDBL has an average volume of 4274060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of EDBL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.59
4.27
We found 1 important support area.
- A support zone ranging from 2.62 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.74 to 2.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 2.90 to 2.90. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @4.23 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 | 5 | NEGATIVE | EDBL has a low relative strength, it was outperformed by 95% 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) | UP | POSITIVE | The current price of EDBL is above the rising 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) | 45.8 | NEUTRAL | The RSI value for EDBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EDBL has a negative trend. |
| Stochastics (14,3) | 12.44 | OVERSOLD | The low Stochastics value suggests EDBL may be oversold. |
| Average True Range in percent/ATR (20) | 20.33 | HIGH VOLATILITY | The high ATR as a percentage value for EDBL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for EDBL suggests a possible start of a new 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)
2.67
-0.08 (-2.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-2.91%
1 Week-11%
2 Weeks-9.49%
1 Month-25.83%
3 Month3.89%
6 Month-55.07%
12 Month-92.48%
2 Year-99.58%
3 Year-99.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%20.33%
ATR Inc-48.73%
Range Today0.19
ADR(20)0.47
ADR(20)%17.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5
Mansfield-7.61
10 Day High3.21
10 Day Low2.54
20 Day High6.29
20 Day Low2.54
52 Week High39.5
52 Week Low1.8
CS1 End2.62
CR1 Start2.74
Volume & EV
DER(3)-0.8%
DER(5)-1.55%
Volume90.80K
Volume Incr-99.16%
Vol(5)88.82K
Vol(50)4.27M