EAGLE BANCORP INC. - Daily - Technical analysis published on 08/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 39.15 USD
My targets
36.68 USD (-3.30%)
23.50 USD (-38.04%)
My analysis
EAGLE BANCORP INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 39.15 USD. The next support located at 36.68 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 23.50 USD. Below this support, sellers could then target 13.39 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EAGLE BANCORP INC. price is 37.93 USD. On the day, this instrument lost -2.37% and was traded between 37.45 USD and 38.39 USD over the period. The price is currently at +1.28% from its lowest and -1.20% from its highest.37.45
38.39
37.93
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EAGLE BANCORP INC.:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this EAGLE BANCORP INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.39 | 23.50 | 36.68 | 37.93 | 39.15 | 45.68 | 49.95 |
| Change (%) | -64.70% | -38.04% | -3.30% | - | +3.22% | +20.43% | +31.69% |
| Change | -24.54 | -14.43 | -1.25 | - | +1.22 | +7.75 | +12.02 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.66 | 37.20 | 38.03 | 38.57 | 39.40 | 39.94 | 40.77 |
| Camarilla | 38.47 | 38.60 | 38.72 | 38.85 | 38.98 | 39.10 | 39.23 |
| Woodie | 36.80 | 37.27 | 38.17 | 38.64 | 39.54 | 40.01 | 40.91 |
| Fibonacci | 37.20 | 37.73 | 38.05 | 38.57 | 39.10 | 39.42 | 39.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.15 | 35.95 | 37.40 | 39.20 | 40.65 | 42.45 | 43.90 |
| Camarilla | 37.96 | 38.25 | 38.55 | 38.85 | 39.15 | 39.45 | 39.74 |
| Woodie | 33.98 | 35.86 | 37.23 | 39.11 | 40.48 | 42.36 | 43.73 |
| Fibonacci | 35.95 | 37.19 | 37.96 | 39.20 | 40.44 | 41.21 | 42.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.13 | 27.90 | 34.11 | 44.88 | 51.08 | 61.86 | 68.06 |
| Camarilla | 35.64 | 37.20 | 38.75 | 40.31 | 41.87 | 43.42 | 44.98 |
| Woodie | 14.84 | 26.76 | 31.82 | 43.74 | 48.80 | 60.71 | 65.78 |
| Fibonacci | 27.90 | 34.39 | 38.39 | 44.88 | 51.36 | 55.37 | 61.86 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.24 | |
| MACD (12,26,9): | -3.9300 | |
| Directional Movement: | -34.31 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 38.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.13 | |
| Elder Ray (13): | -3.47 | |
| Super Trend (3,10): | 42.91 | |
| Zig ZAG (10): | 37.93 | |
| VORTEX (21): | 0.5600 | |
| Stochastique (14,3,5): | 3.42 | |
| TEMA (21): | 36.57 | |
| Williams %R (14): | -97.16 | |
| Chande Momentum Oscillator (20): | -1.22 | |
| Repulse (5,40,3): | -2.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0400 | |
| Courbe Coppock: | 46.06 |
| MA7: | 39.41 | |
| MA20: | 44.79 | |
| MA50: | 50.57 | |
| MA100: | 52.28 | |
| MAexp7: | 39.46 | |
| MAexp20: | 43.52 | |
| MAexp50: | 48.42 | |
| MAexp100: | 50.98 | |
| Price / MA7: | -3.76% | |
| Price / MA20: | -15.32% | |
| Price / MA50: | -25.00% | |
| Price / MA100: | -27.45% | |
| Price / MAexp7: | -3.88% | |
| Price / MAexp20: | -12.84% | |
| Price / MAexp50: | -21.66% | |
| Price / MAexp100: | -25.60% |
News
The last news published on EAGLE BANCORP INC. at the time of the generation of this analysis was as follows:
- EagleBank Announces the Appointment of Leslie Ludwig to its Board
- Eagle Bancorp, Inc. Announces Record Earnings Representing a 16% Increase for the Full Year 2016 and a 15% Increase in Net Income for the Fourth Quarter 2016
- EagleBank to Participate in the Washington Suburban Sanitary Commission’s New Business Investment and Growth Program
- Eagle Bancorp Announces Earnings Call On January 19, 2017
- Robert Pincus, Vice Chair of Eagle Bancorp, to Step Down
This member declared not having a position on this financial instrument or a related financial instrument.
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