E2OPEN PARENT HOLDINGS INC (ETWO) Stock Technical Analysis
NYSE:ETWO - New York Stock Exchange, Inc. - US29788T1034 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ETWO. Although ETWO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ETWO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ETWO has an average volume of 8097150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ETWO is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ETWO is part of the Software industry. There are 284 other stocks in this industry, ETWO did better than 61% of them.
ETWO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ETWO is lagging the market slightly.
Besides having an excellent technical rating, ETWO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 3.21, a Stop Loss order could be placed below this zone.
More info and screens
3.13
5.03
We found 1 important support area.
- A support zone ranging from 3.16 to 3.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.22 to 3.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.98 from a horizontal 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 | 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 | 72.44 | POSITIVE | ETWO has a high relative strength, it outperformed 72.44% off all stocks 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) | DOWN | MIXED | The current price of ETWO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.66 | OVERBOUGHT | The high RSI value suggests ETWO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ETWO has a negative trend. |
| Stochastics (14,3) | 56.67 | NEUTRAL | The Stochastics value for ETWO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for ETWO suggests low volalility. |
| Average Directional Index/ADX (14) | 41.71 | POSITIVE | The high ADX value value for ETWO suggests a strong 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)
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 |
|---|---|---|---|
| 3.23 | 3.20 | 0.03 (1.05%) | 25.00% |
| An entry @3.23. This is a Buy Stop order right above the 10 day moving average. | An exit @3.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 1.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.26%. |
- 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.
3.22
-0.01 (-0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.31%
1 Week-0.31%
2 Weeks-0.31%
1 Month21.51%
3 Month43.75%
6 Month22.43%
12 Month-26.82%
2 Year-42.5%
3 Year-58.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%1.89%
ATR Inc-12.5%
Range Today0.01
ADR(20)0.03
ADR(20)%0.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.44
Mansfield-0.23
10 Day High3.24
10 Day Low3.21
20 Day High3.28
20 Day Low2.55
52 Week High4.82
52 Week Low1.75
CS1 End3.21
CR1 Start3.22
Volume & EV
DER(3)0.48%
DER(5)-2.24%
Volume3.47M
Volume Incr-80.69%
Vol(5)3.26M
Vol(50)8.10M