EDIBLE GARDEN AG INC (EDBL) Stock Technical Analysis
NASDAQ:EDBL - Nasdaq - US28059P4028 - Common Stock - Currency: USD
Overall EDBL gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. EDBL was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than EDBL.
EDBL is part of the Food Products industry. There are 89 other stocks in this industry, of which 86% are performing better than EDBL.
EDBL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month EDBL has a been trading in the 1.80 - 6.29 range, which is quite wide. It is currently trading near the lows of this range.
EDBL has an average volume of 4269960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, EDBL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
2.09
4.47
3 important support areas can be observed.
- Support @2.77 from a trend line in the daily time frame.
- 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.
- Support @2.11 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.11 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.33 from a trend line in the daily time frame.
- Resistance @4.43 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 | UP | POSITIVE | The short term trend for EDBL is up. |
| ChartMill Relative Strength | 4.96 | NEGATIVE | EDBL has a low relative strength, it was outperformed by 95.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EDBL is below the rising 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) | 51.03 | NEUTRAL | The RSI value for EDBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EDBL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.33 | OVERSOLD | The low Stochastics value suggests EDBL may be oversold. |
| Average True Range in percent/ATR (20) | 21.18 | HIGH VOLATILITY | The high ATR as a percentage value for EDBL suggests high volalility. |
| Average Directional Index/ADX (14) | 25.83 | POSITIVE | The high ADX value value for EDBL suggests a strong 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)
3
-0.1 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-3.23%
1 Week1.69%
2 Weeks-18.7%
1 Month28.76%
3 Month6.38%
6 Month-23.76%
12 Month-92.41%
2 Year-99.53%
3 Year-99.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%21.18%
ATR Inc-76.66%
Range Today0.18
ADR(20)0.55
ADR(20)%18.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.96
Mansfield-7.49
10 Day High3.89
10 Day Low2.54
20 Day High6.29
20 Day Low1.8
52 Week High40.35
52 Week Low1.8
CS1 End2.77
CR1 Start3.11
Volume & EV
DER(3)3.28%
DER(5)3.84%
Volume61.50K
Volume Incr-98.32%
Vol(5)177.14K
Vol(50)4.27M