NASDAQ:EGAN - Nasdaq - US28225C8064 - Common Stock - Currency: USD
Overall EGAN gets a technical rating of 6 out of 10. In the past year, EGAN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, EGAN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 5.47, a Stop Loss order could be placed below this zone.
5.30
When analyzing the support we notice one important area.
When analyzing the resistance we notice 4 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for EGAN is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGAN is up. |
ChartMill Relative Strength | 65.9 | NEUTRAL | EGAN is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGAN is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGAN is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EGAN is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 59.04 | NEUTRAL | The RSI value for EGAN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EGAN has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 74.79 | NEUTRAL | The Stochastics value for EGAN is a neutral value. |
Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for EGAN suggests high volalility. |
Average Directional Index/ADX (14) | 16.91 | NEGATIVE | The low ADX value for EGAN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
5.89 | 5.34 | 0.55 (9.34%) | 10.71% |
An entry @5.89. This is a Buy Stop order right above the resistance zone. | An exit @5.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.55 points, which is 9.34%. | For a 1.00% total portfolio risk, you can invest 10.71% of your capital in this trade. |
5.73
-0.15 (-2.55%)