Overall EGBN gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EGBN is a bad performer.
EGBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.41, a Stop Loss order could be placed below this zone.
More info and screens
15.80
We found 4 important support areas.
- A support zone ranging from 21.00 to 21.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.93 from a trend line in the weekly time frame.
- Support @16.33 from a horizontal line in the weekly time frame.
- Support @15.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.43 to 21.47. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 21.90 to 21.98. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for EGBN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGBN is up. |
| ChartMill Relative Strength | 28.26 | NEGATIVE | EGBN has a low relative strength, it was outperformed by 71.74% 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) | UP | POSITIVE | The current price of EGBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EGBN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.92 | NEUTRAL | The RSI value for EGBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests EGBN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.64 | NEUTRAL | The Stochastics value for EGBN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for EGBN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.13 | POSITIVE | The high ADX value value for EGBN suggests a strong 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 |
|---|---|---|---|
| 21.48 | 20.99 | 0.49 (2.28%) | 25.00% |
| An entry @21.48. This is a Buy Stop order right above the resistance zone. | An exit @20.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 2.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- The distance between exit and entry is rather small compared to the average daily movement of EGBN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.42
+0.32 (+1.52%)
EAGLE BANCORP INC / EGBN FAQ
What is the technical rating for EGBN stock?
ChartMill assigns a technical rating of 7 / 10 to EGBN.
Can you provide the trend direction for EAGLE BANCORP INC?
The current trend direction for EAGLE BANCORP INC (EGBN) is Bullish.
Can you provide the RSI signal for EAGLE BANCORP INC?
EAGLE BANCORP INC (EGBN) has an RSI value of 61.923. This indicates that the stock is currently neutral.
What is the MACD signal for EGBN stock?
The MACD indicator for EAGLE BANCORP INC (EGBN) has a value of -0.12862, indicating a bearish trend.
Can you provide the short term momentum for EAGLE BANCORP INC?
The short term momentum for EAGLE BANCORP INC (EGBN) is positive.