E3B Technical Analysis - EUTELSAT COMMUNICATIONS

Technical Rating and Analysis

Overall E3B gets a technical rating of 1 out of 10. E3B's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

88% of all other stocks performed better in the past year than E3B.

E3B 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.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

E3B is part of the Media industry. There are 62 other stocks in this industry, E3B did better than 45% of them.

In the last month E3B has a been trading in the 2.69 - 3.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EUTELSAT COMMUNICATIONS / E3B Weekly stock chart

EUTELSAT COMMUNICATIONS / E3B Daily stock chart

Setup Rating and Analysis

E3B has a poor technical rating and the quality of the setup is also not perfect 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

2.78

5.12

When analyzing the support we can see 2 important areas.

Support @2.92 from a trend line in the daily time frame.
A support zone ranging from 2.81 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 3.13 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @5.07 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for E3B.DE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for E3B.DE is neutral.
ChartMill Relative Strength	12.84	NEGATIVE	E3B.DE has a low relative strength, it was outperformed by 87.16% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of E3B.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of E3B.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of E3B.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.34	NEUTRAL	The RSI value for E3B.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests E3B.DE has a positive trend.
Stochastics (14,3)	75.87	NEUTRAL	The Stochastics value for E3B.DE is a neutral value.
Average True Range in percent/ATR (20)	3.93	MEDIUM VOLATILITY	The ATR as a percentage value for E3B.DE suggests some volalility.
Average Directional Index/ADX (14)	14.87	NEGATIVE	The low ADX value for E3B.DE suggests a weak or negative trend.