EVANS BANCORP INC (EVBN) Stock Technical Analysis
NYSEARCA:EVBN - NYSE Arca - US29911Q2084 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to EVBN. In the last year, EVBN was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: EVBN has an average volume of 24180 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, EVBN did better than 86% of all other stocks. On top of that, EVBN also shows a nice and consistent pattern of rising prices.
EVBN is part of the Banks industry. There are 405 other stocks in this industry. EVBN outperforms 84% of them.
EVBN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EVBN is lagging the market slightly.
In the last month EVBN has a been trading in the 41.08 - 44.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EVBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 40.84, a Stop Loss order could be placed below this zone.
More info and screens
25.44
46.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 40.84 to 40.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.40 from a trend line in the weekly time frame.
- Support @25.70 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 42.79 to 43.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.62 to 45.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 45.90 to 45.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.41
Mansfield1.27
10 Day High44.66
10 Day Low42.54
20 Day High44.66
20 Day Low41.08
52 Week High46.21
52 Week Low24.07
Performance
1 Week-2.9%
2 Weeks-4.64%
1 Month-2.03%
3 Month-3.67%
6 Month21.58%
12 Month45.59%
2 Year9.16%
3 Year6.03%
5 Year8.33%
10 Year76.51%
15 Year250.12%
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)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)42.98
LBB42.47
UBB44.93
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 |
|---|---|---|---|
| 43.74 | 42.53 | 1.21 (2.77%) | 25.00% |
| An entry @43.74. This is a Buy Stop order right above the resistance zone. | An exit @42.53. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.21 points, which is 2.77%. | For a 0.69% 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 EVBN. 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.
NYSEARCA:EVBN (2/21/2025, 8:16:19 PM)
42.54
-0.62 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.44%
1 Week-2.9%
2 Weeks-4.64%
1 Month-2.03%
3 Month-3.67%
6 Month21.58%
12 Month45.59%
2 Year9.16%
3 Year6.03%
5 Year8.33%
10 Year76.51%
15 Year250.12%
Volatility
ATR(14)0.86
ATR(20)%2.42%
ATR Inc10.76%
Range Today0.66
ADR(20)0.94
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.41
Mansfield1.27
10 Day High44.66
10 Day Low42.54
20 Day High44.66
20 Day Low41.08
52 Week High46.21
52 Week Low24.07
CS1 End40.84
CR1 Start42.79
Volume & EV
DER(3)0.21%
DER(5)0.29%
Volume9.80K
Volume Incr-27.38%
Vol(5)16.72K
Vol(50)24.18K