EAGLE BANCORP INC (EGBN) Stock Technical Analysis
NASDAQ:EGBN - US2689481065 - Common Stock
19.42 USD
+0.17 (+0.88%)
19.42 USD
0 (0%)
Taking everything into account, EGBN scores 5 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, EGBN is a bad performer in the overall market: 69% of all stocks are doing better.
EGBN is one of the lesser performing stocks in the Banks industry. 84% of 393 stocks in the same industry do better.
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 15.79 - 19.57 range, which is quite wide. It is currently trading near the high of this range.
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.
Considerably lower volume is observed in the last couple of days.
EGBN has an average technical rating and also the quality of the setup is only medium 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
16.17
28.64
3 important support areas can be observed.
- A support zone ranging from 18.57 to 18.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.79 to 17.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.33 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 19.83 to 20.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.07 from a trend line in the daily time frame.
- A resistance zone ranging from 21.41 to 21.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.36 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 | 31.74 | NEUTRAL | EGBN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of EGBN is above the rising 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) | 60.44 | NEUTRAL | The RSI value for EGBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests EGBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.42 | OVERBOUGHT | The high Stochastics value suggests EGBN may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for EGBN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.24 | NEUTRAL | The ADX value for EGBN suggests a possible start of a new 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)
19.42
+0.17 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.88%
1 Week1.41%
2 Weeks7.71%
1 Month21.68%
3 Month10.34%
6 Month-16.51%
12 Month-10.79%
2 Year-19.29%
3 Year-59.98%
5 Year-32.52%
10 Year-53.66%
15 Year78.33%
Volatility
ATR(14)0.65
ATR(20)%3.23%
ATR Inc-41.57%
Range Today0.28
ADR(20)0.61
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.74
Mansfield-2.01
10 Day High19.57
10 Day Low17.57
20 Day High19.57
20 Day Low15.79
52 Week High30.94
52 Week Low15.47
CS1 End18.86
CR1 Start19.83
Volume & EV
DER(3)1.34%
DER(5)3.96%
Volume322.60K
Volume Incr-42.27%
Vol(5)374.70K
Vol(50)579.51K