EVENTBRITE INC-CLASS A (EB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EB - US29975E1091 - Common Stock
Overall EB gets a technical rating of 8 out of 10. EB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
EB 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 resistance zone just above the current price starting at 4.44. Right above this resistance zone may be a good entry point.
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2.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.42 to 4.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.33 from a trend line in the weekly time frame.
- Support @2.26 from a trend line in the daily time frame.
- Support @2.21 from a horizontal line in the daily time frame.
- Support @2.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.44 to 4.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EB is up. |
| ChartMill Relative Strength | 92.11 | POSITIVE | EB has a high relative strength, it outperformed 92.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.64 | OVERBOUGHT | The high RSI value suggests EB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.67 | OVERBOUGHT | The high Stochastics value suggests EB may be overbought. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for EB suggests some volalility. |
| Average Directional Index/ADX (14) | 45.72 | POSITIVE | The high ADX value value for EB 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 |
|---|---|---|---|
| 4.46 | 4.41 | 0.05 (1.12%) | 25.00% |
| An entry @4.46. This is a Buy Stop order right above the resistance zone. | An exit @4.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.05 points, which is 1.12%. | For a 0.28% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EB. 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.
4.43
-0.01 (-0.23%)
EVENTBRITE INC-CLASS A / EB FAQ
What is the ChartMill technical rating of EVENTBRITE INC-CLASS A (EB) stock?
ChartMill assigns a technical rating of 8 / 10 to EB.
Can you provide the trend direction for EVENTBRITE INC-CLASS A?
The current trend direction for EVENTBRITE INC-CLASS A (EB) is Bearish.
What is the RSI signal for EVENTBRITE INC-CLASS A (EB) stock?
EVENTBRITE INC-CLASS A (EB) has an RSI value of 83.6373. This indicates that the stock is currently overbought.
What is the MACD signal for EB stock?
The MACD indicator for EVENTBRITE INC-CLASS A (EB) has a value of 0.117062, indicating a bearish trend.
Can you provide the support and resistance levels for EVENTBRITE INC-CLASS A?
EVENTBRITE INC-CLASS A (EB) has a support level at 4.42 and a resistance level at 4.44. Check the full technical report for our detailed analysis of EB support and resistance levels.