EAGLE BANCORP INC (EGBN) Stock Technical Analysis
USA - NASDAQ:EGBN - US2689481065 - Common Stock
Taking everything into account, EGBN scores 0 out of 10 in our technical rating. EGBN'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.
EGBN has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
15.80
2 important support areas can be observed.
- A support zone ranging from 16.33 to 16.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We can see 6 important resistance areas.
- A resistance zone ranging from 16.67 to 16.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.64 from a trend line in the weekly time frame.
- Resistance @20.58 from a trend line in the daily time frame.
- 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 @28.07 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 | 12.3 | NEGATIVE | EGBN has a low relative strength, it was outperformed by 87.7% 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) | 38.72 | NEUTRAL | The RSI value for EGBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EGBN has a positive trend. |
| Stochastics (14,3) | 50.29 | NEUTRAL | The Stochastics value for EGBN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for EGBN suggests some volalility. |
| Average Directional Index/ADX (14) | 36.11 | POSITIVE | The high ADX value value for EGBN suggests a strong trend. |
16.66
+0.24 (+1.46%)
EAGLE BANCORP INC / EGBN FAQ
What is the technical rating for EGBN stock?
ChartMill assigns a technical rating of 0 / 10 to EGBN.
What is the current trend direction of EAGLE BANCORP INC (EGBN) stock?
The current trend direction for EAGLE BANCORP INC (EGBN) is Bearish.
Can you provide the RSI signal for EAGLE BANCORP INC?
EAGLE BANCORP INC (EGBN) has an RSI value of 38.7161. This indicates that the stock is currently neutral.
What is the buy/sell signal for EAGLE BANCORP INC (EGBN) stock?
The buy/sell signal for EAGLE BANCORP INC (EGBN) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for EAGLE BANCORP INC (EGBN) stock?
EAGLE BANCORP INC (EGBN) has a support level at 16.48 and a resistance level at 16.67. Check the full technical report for our detailed analysis of EGBN support and resistance levels.