Technical Analysis for EBC - Eastern Bankshares, Inc.

Grade Last Price % Change Price Change
B 13.81 -1.22% -0.17
EBC closed down 1.22 percent on Monday, July 1, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Cup with Handle Other 0.00%
Doji - Bearish? Reversal 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 9 hours ago
Expansion Pivot Buy Entry about 10 hours ago
Rose Above Previous Day's High about 10 hours ago
Gap Down Closed about 10 hours ago
Reversed from Down about 10 hours ago

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Profile

Eastern Bankshares, Inc. Description

Eastern Bankshares, Inc. provides commercial banking products and services primarily to retail, commercial, and small business customers. The company offers interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and certificates of deposits. It also offers commercial and industrial loans, commercial real estate and construction loans, business banking loans, residential real estate loans, and home equity and other consumer loans. Its personal banking products and services also include debit and credit cards; mortgage and personal loans; personal and cash reserve lines of credit; auto and student loans; retirement planning products and services; and online learning services in the areas of finance. The company's business banking products and services also include preferred term loans, small business administration loans, lines of credit, cash reserves, cash management, merchant services, escrow express service, correspondent and government banking, international banking, interest on lawyers trust accounts services, products and services for not-for-profit and healthcare, and business telephone banking. In addition, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary and retirement products and services; and treasury management, electronic banking, interest rate protection, and foreign exchange products and services. Further, the company acts as an independent insurance agent and offers commercial, personal, and employee benefits insurance products to individual and commercial clients. It operates through 89 banking offices located in eastern Massachusetts and southern and coastal New Hampshire. Eastern Bankshares, Inc. was formerly known as Eastern Bank Corporation. The company was founded in 1818 and is headquartered in Boston, Massachusetts.


Classification

Sector: Financial Services
Industry: Banks - Regional
Keywords: Banking Bank Commercial Banking Cash Management Investment Product Banking Products Residential Real Estate Loans Wealth Management Portfolio Management Escrow Personal Banking Student Loan Retirement Planning Employee Benefits Merchant Services Electronic Banking Retirement Products Business Banking Products Foreign Exchange Products Personal Banking Products Online Learning Benefits Insurance Products Government Banking Online Learning Services Retirement Planning Products

Is EBC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.8211
52 Week Low 10.3796
Average Volume 759,352
200-Day Moving Average 12.92
50-Day Moving Average 13.35
20-Day Moving Average 13.27
10-Day Moving Average 13.36
Average True Range 0.32
RSI (14) 59.84
ADX 13.52
+DI 36.45
-DI 19.56
Chandelier Exit (Long, 3 ATRs) 13.14
Chandelier Exit (Short, 3 ATRs) 13.63
Upper Bollinger Bands 13.82
Lower Bollinger Band 12.72
Percent B (%b) 1.0
BandWidth 8.26
MACD Line 0.07
MACD Signal Line -0.02
MACD Histogram 0.0845
Fundamentals Value
Market Cap 2.44 Billion
Num Shares 176 Million
EPS -0.39
Price-to-Earnings (P/E) Ratio -35.41
Price-to-Sales 8.59
Price-to-Book 0.81
Dividend 0.41
Dividend Yield 2.97%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.30
Resistance 3 (R3) 14.34 14.23 14.22
Resistance 2 (R2) 14.23 14.10 14.20 14.19
Resistance 1 (R1) 14.02 14.03 13.96 13.97 14.16
Pivot Point 13.90 13.90 13.87 13.88 13.90
Support 1 (S1) 13.69 13.78 13.64 13.65 13.46
Support 2 (S2) 13.58 13.70 13.55 13.43
Support 3 (S3) 13.37 13.58 13.40
Support 4 (S4) 13.32