Ennis Technical Analysis (NYSE:EBF)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The EBF stock chart pattern can give those who understand technical analysis an indication of which way EBF stock is headed, but cannot predict with 100% certainty as to what can happen to the Ennis stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Ennis. The technical analysis form of Ennis stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ennis Moving Average
Moving averages help predict the price direction of EBF stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ennis are mostly signals of long term trends and will help long term traders.
Ennis Bollinger Bands
Bollinger bands comprise of a center line usually EBF SMA, and two EBF stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $20.3 is in the upper range of Ennis bollinger bands.
Ennis Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Ennis MACD indicator is below 0 indicating a bearish trend.
Ennis Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 52.63 is the RSI value of EBF stock.