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 7 out of 10 to ETWO. ETWO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ETWO has a been trading in the 2.15 - 3.28 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.
ETWO has an average volume of 7358240 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 66% of all stocks.
ETWO is an average performer in the Software industry, it outperforms 59% of 282 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
2.09
5.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.70 to 2.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.11 from a trend line in the daily time frame.
We found 1 important resistance area.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ETWO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETWO is up. |
| ChartMill Relative Strength | 66.93 | 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) | DOWN | MIXED | The current price of ETWO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.54 | OVERBOUGHT | The high RSI value suggests ETWO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ETWO has a positive trend. |
| Stochastics (14,3) | 90.26 | OVERBOUGHT | The high Stochastics value suggests ETWO may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ETWO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.2 | 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)
3.21
+0.01 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.31%
1 Week21.13%
2 Weeks19.33%
1 Month33.75%
3 Month40.17%
6 Month5.59%
12 Month-31.12%
2 Year-35.8%
3 Year-60.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.18%
ATR Inc-83.29%
Range Today0.03
ADR(20)0.09
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.93
Mansfield-0.46
10 Day High3.28
10 Day Low2.55
20 Day High3.28
20 Day Low2.15
52 Week High4.82
52 Week Low1.75
CS1 End2.71
CR1 Start4.98
Volume & EV
DER(3)-5.13%
DER(5)-2.79%
Volume25.85M
Volume Incr2522.84%
Vol(5)58.76M
Vol(50)7.36M