EVERBRIGHT DIGITAL HOLDING L (EDHL) Stock Technical Analysis
NASDAQ:EDHL • KYG322121057
We assign a technical rating of 0 out of 10 to EDHL. EDHL'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than EDHL.
- EDHL is one of the lesser performing stocks in the Media industry. 82% of 91 stocks in the same industry do better.
- In the last month EDHL has a been trading in the 2.22 - 4.13 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EDHL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for EDHL 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
2.42
We found 1 important support area.
- Support @2.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.05 from a trend line in the daily time frame.
- Resistance @3.18 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 EDHL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDHL is down. |
| 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) | DOWN | NEGATIVE | The current price of EDHL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDHL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EDHL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.73 | NEUTRAL | The RSI value for EDHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EDHL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.21 | NEUTRAL | The Stochastics value for EDHL is a neutral value. |
| Average True Range in percent/ATR (20) | 21.82 | HIGH VOLATILITY | The high ATR as a percentage value for EDHL suggests high volalility. |
| Average Directional Index/ADX (14) | 40.98 | POSITIVE | The high ADX value value for EDHL suggests a strong trend. |
2.6
-0.04 (-1.52%)
EVERBRIGHT DIGITAL HOLDING L / EDHL FAQ
What is the technical rating for EDHL stock?
ChartMill assigns a technical rating of 0 / 10 to EDHL.
Can you provide the trend direction for EVERBRIGHT DIGITAL HOLDING L?
The current trend direction for EVERBRIGHT DIGITAL HOLDING L (EDHL) is Bearish.
What is the RSI signal for EVERBRIGHT DIGITAL HOLDING L (EDHL) stock?
EVERBRIGHT DIGITAL HOLDING L (EDHL) has an RSI value of 38.7327. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EVERBRIGHT DIGITAL HOLDING L?
The MACD indicator for EVERBRIGHT DIGITAL HOLDING L (EDHL) has a value of 0.116199, indicating a bearish trend.
What is the short term momentum for EVERBRIGHT DIGITAL HOLDING L (EDHL) stock?
The short term momentum for EVERBRIGHT DIGITAL HOLDING L (EDHL) is negative.