Taking everything into account, EDHL scores 2 out of 10 in our technical rating. EDHL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of EDHL 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.
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0.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.82 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.58 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.85 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for EDHL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDHL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | EDHL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EDHL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDHL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 43.99 | NEUTRAL | The RSI value for EDHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EDHL has a negative trend. |
| Stochastics (14,3) | 15.59 | OVERSOLD | The low Stochastics value suggests EDHL may be oversold. |
| Average True Range in percent/ATR (20) | 14.62 | HIGH VOLATILITY | The high ATR as a percentage value for EDHL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for EDHL suggests a weak or negative trend. |
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+0.02 (+1.85%)
EVERBRIGHT DIGITAL HOLDING L / EDHL FAQ
What is the technical rating for EDHL stock?
ChartMill assigns a technical rating of 2 / 10 to EDHL.
What is the trend direction for EDHL stock?
The current trend direction for EVERBRIGHT DIGITAL HOLDING L (EDHL) is Bearish.
Can you provide the RSI signal for EVERBRIGHT DIGITAL HOLDING L?
EVERBRIGHT DIGITAL HOLDING L (EDHL) has an RSI value of 43.9886. This indicates that the stock is currently neutral.
What is the short term momentum for EDHL stock?
The short term momentum for EVERBRIGHT DIGITAL HOLDING L (EDHL) is neutral.
What is the support and resistance level for EDHL stock?
EVERBRIGHT DIGITAL HOLDING L (EDHL) has a support level at 0.83 and a resistance level at 0.85. Check the full technical report for our detailed analysis of EDHL support and resistance levels.