EAGLE BANCORP INC (EGBN) Stock Technical Analysis
NASDAQ:EGBN - Nasdaq - US2689481065 - Common Stock - Currency: USD
Overall EGBN gets a technical rating of 2 out of 10. In the past year, EGBN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
76% of all other stocks performed better in the past year than EGBN.
EGBN is part of the Banks industry. There are 395 other stocks in this industry, of which 94% are performing better than EGBN.
EGBN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EGBN has a been trading in the 16.68 - 19.08 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
16.54
28.89
We found 2 important support areas.
- Support @17.23 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.71 to 16.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.57 to 18.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.60 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 | UP | POSITIVE | The short term trend for EGBN is up. |
| ChartMill Relative Strength | 24.35 | NEGATIVE | EGBN has a low relative strength, it was outperformed by 75.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EGBN is above 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) | 55.25 | NEUTRAL | The RSI value for EGBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests EGBN has a positive trend. |
| Stochastics (14,3) | 79.93 | NEUTRAL | The Stochastics value for EGBN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for EGBN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.71 | NEGATIVE | The low ADX value for EGBN suggests a weak or negative 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)
18.56
-0.32 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.69%
1 Week7.72%
2 Weeks2.6%
1 Month5.45%
3 Month-10.9%
6 Month-28.67%
12 Month-1.8%
2 Year-12.29%
3 Year-60.85%
5 Year-43.33%
10 Year-57.78%
15 Year57.56%
Volatility
ATR(14)0.62
ATR(20)%3.22%
ATR Inc-7.21%
Range Today0.52
ADR(20)0.54
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.35
Mansfield-2.27
10 Day High19.06
10 Day Low16.68
20 Day High19.08
20 Day Low16.68
52 Week High30.94
52 Week Low16.68
CS1 End17.23
CR1 Start18.57
Volume & EV
DER(3)0.72%
DER(5)0.88%
Volume1.24M
Volume Incr88.19%
Vol(5)584.00K
Vol(50)376.68K