EAGLE BANCORP INC (EGBN) Stock Technical Analysis
NASDAQ:EGBN - Nasdaq - US2689481065 - Common Stock - Currency: USD
Overall EGBN gets a technical rating of 0 out of 10. EGBN 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
85% of all other stocks performed better in the past year than EGBN.
EGBN is one of the lesser performing stocks in the Banks industry. 93% of 392 stocks in the same industry do better.
EGBN 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 EGBN has a been trading in the 15.47 - 21.86 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
EGBN has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
15.80
28.72
We found 1 important support area.
- A support zone ranging from 15.96 to 15.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 20.77 to 20.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.41 from a horizontal line in the daily time frame.
- Resistance @21.98 from a horizontal line in the daily time frame.
- Resistance @28.44 from a trend line in the weekly 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 EGBN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGBN is down. |
| ChartMill Relative Strength | 15.07 | NEGATIVE | EGBN has a low relative strength, it was outperformed by 84.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGBN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGBN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EGBN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.18 | NEUTRAL | The RSI value for EGBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests EGBN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.78 | OVERSOLD | The low Stochastics value suggests EGBN may be oversold. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for EGBN suggests some volalility. |
| Average Directional Index/ADX (14) | 39.55 | POSITIVE | The high ADX value value for EGBN 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)
16.49
+0.53 (+3.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.32%
1 Week-0.48%
2 Weeks-23.12%
1 Month-19.21%
3 Month-10.53%
6 Month-36.96%
12 Month-14.16%
2 Year-31.46%
3 Year-66.02%
5 Year-42.7%
10 Year-60.65%
15 Year51.42%
Volatility
ATR(14)0.9
ATR(20)%4.87%
ATR Inc-21.59%
Range Today0.77
ADR(20)0.74
ADR(20)%4.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.07
Mansfield-3.16
10 Day High21.64
10 Day Low15.47
20 Day High21.87
20 Day Low15.47
52 Week High30.94
52 Week Low15.47
CS1 End15.96
CR1 Start20.77
Volume & EV
DER(3)1.27%
DER(5)2.37%
Volume500.01K
Volume Incr20.8%
Vol(5)665.58K
Vol(50)469.49K