ENDEAVOR GROUP HOLD-CLASS A (EDR) Stock Technical Analysis
NYSE:EDR - New York Stock Exchange, Inc. - US29260Y1091 - Common Stock - Currency: USD
Taking everything into account, EDR scores 2 out of 10 in our technical rating. Although EDR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
EDR 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. There is a resistance zone just above the current price starting at 29.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.87, a Stop Loss order could be placed below this zone.
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28.24
When analyzing the support we notice one important area.
- A support zone ranging from 28.53 to 28.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 29.26 to 29.40. 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 EDR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDR is down. |
| ChartMill Relative Strength | 75.29 | POSITIVE | EDR has a high relative strength, it outperformed 75.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.14 | NEUTRAL | The RSI value for EDR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EDR has a positive trend. |
| Stochastics (14,3) | 40.96 | NEUTRAL | The Stochastics value for EDR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for EDR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for EDR suggests a weak or negative trend. |
29.25
+0.42 (+1.46%)