RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EBON
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Big movements in Ebang International Holdings Inc. stock price on Thursday moving 15.47% between high and low
(Updated on Mar 28, 2024)

Sell candidate since Mar 18, 2024 Gain 5.21% PDF

The Ebang International Holdings Inc. stock price gained 7.06% on the last trading day (Thursday, 28th Mar 2024), rising from $9.06 to $9.70. During the last trading day the stock fluctuated 15.47% from a day low at $9.05 to a day high of $10.45. The price has been going up and down for this period, and there has been a 8.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately $736.55 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.36% during the next 3 months and, with a 90% probability hold a price between $6.01 and $10.19 at the end of this 3-month period.

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EBON Signals & Forecast

There are mixed signals in the stock today. The Ebang International Holdings Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.20. On a fall, the stock will find some support from the short-term average at $9.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -22.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ebang International Holdings Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Ebang International Holdings Inc. stock

Ebang International Holdings Inc. finds support from accumulated volume at $9.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.40 between high and low, or 15.47%. For the last week, the stock has had daily average volatility of 8.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EBON) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ebang International Holdings Inc. to open at $9.73, and during the day (based on 14 day Average True Range), to move between $8.59 and $10.81, which gives a possible trading interval of +/-$1.11 (+/-11.43%) up or down from last closing price. If Ebang International Holdings Inc. takes out the full calculated possible swing range there will be an estimated 22.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.48 (2.27%) than the resistance at $9.98 (2.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ebang International Holdings Inc. stock A Buy?

Ebang International Holdings Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.647 Sell Candidate Unchanged

Predicted Opening Price for Ebang International Holdings Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.73 ( 0.344%) $9.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EBON

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.13 14.78 %
R2 10.60 9.26 %
R1 10.27 5.86 %
Current price: 9.70
Support S1 9.20 -5.17 %
S2 8.87 -8.58 %
S3 8.33 -14.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.10 24.74 %
R2 10.17 4.85 %
R1 9.98 2.89 %
Current price 9.70
Support S1 9.48 -2.27%
S2 9.14 -5.77%
S3 9.10 -6.19%

FAQ

What is the symbol for Ebang International Holdings Inc. Stock and on which exchange is it traded?
The symbol for Ebang International Holdings Inc. is EBON and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ebang International Holdings Inc. Stock?
Ebang International Holdings Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Ebang International Holdings Inc. Stock?
Ebang International Holdings Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ebang International Holdings Inc. Stock.

What's the current price of Ebang International Holdings Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Ebang International Holdings Inc. (EBON) share was $9.70.

What is the 52-week high and low for Ebang International Holdings Inc. Stock?
The 52-week high for Ebang International Holdings Inc. Stock is $18.94 and the 52-week low is $5.30.

What is the market capitalization of Ebang International Holdings Inc. Stock?
As of the 2024-03-28, the market capitalization of Ebang International Holdings Inc. is 63.476M.

When is the next earnings date for Ebang International Holdings Inc.?
The upcoming earnings date for Ebang International Holdings Inc. is Apr 26, 2024.
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About Ebang International Holdings Inc.

Ebang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in th... EBON Profile

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