ETWO Technical Analysis - E2OPEN PARENT HOLDINGS INC

Technical Rating and Analysis

Overall ETWO gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ETWO is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

ETWO has an average volume of 9438760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, ETWO turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.

ETWO is part of the Software industry. There are 279 other stocks in this industry, ETWO did better than 55% of them.

ETWO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETWO is lagging the market.

In the last month ETWO has a been trading in a tight range between 3.24 and 3.31.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

E2OPEN PARENT HOLDINGS INC / ETWO Weekly stock chart

E2OPEN PARENT HOLDINGS INC / ETWO Daily stock chart

Setup Rating and Analysis

Although ETWO has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.17

5.03

We found 1 important support area.

A support zone ranging from 3.20 to 3.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 3.31 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.98 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 ETWO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ETWO is up.
ChartMill Relative Strength	59.69	NEUTRAL	ETWO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ETWO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ETWO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ETWO is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.07	NEUTRAL	The RSI value for ETWO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ETWO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	71.11	NEUTRAL	The Stochastics value for ETWO is a neutral value.
Average True Range in percent/ATR (20)	0.42	LOW VOLATILITY	The low ATR as a percentage value for ETWO suggests low volalility.
Average Directional Index/ADX (14)	53.21	POSITIVE	The high ADX value value for ETWO suggests a strong trend.