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Weaker Hold
Today EGBN ranks #6086 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$56.63 (-2.11%)

Volume: 66k

Closed: Dec 03, 2021

Hollow Logo Score: -0.793

Eagle Bancorp Stock Forecast

$56.63 (-2.11%)

Volume: 66k

Closed: Dec 03, 2021

Score Hollow Logo -0.793
Which way will EGBN go? Request
Stop-loss: $53.14 (-6.17%)
Key Stats
P/E Ratio 10.40
Beta 1.04
Trailing Dividend Rate 2.14% ($1.21)
Next Dividend Date Jan 18, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Weaker technical forecast for Eagle Bancorp as stock downgraded to Hold/Accumulate.
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-12-02 Loss -2.11%

The Eagle Bancorp stock price fell by -2.11% on the last day (Friday, 3rd Dec 2021) from $57.85 to $56.63. During the day the stock fluctuated 3.47% from a day low at $56.16 to a day high of $58.11. The price has fallen in 7 of the last 10 days and is down by -5.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 66 thousand shares were bought and sold for approximately $3.76 million.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $56.25 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.93% during the next 3 months and, with a 90% probability hold a price between $60.71 and $66.40 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Eagle Bancorp stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $57.36 and $58.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -7.18%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Eagle Bancorp finds support from accumulated volume at $56.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.95 between high and low, or 3.47%. For the last week, the stock has had a daily average volatility of 3.29%.

Our recommended stop-loss: $53.14 (-6.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Is Eagle Bancorp stock A Buy?

Eagle Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.793

Predicted Opening Price for Eagle Bancorp of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$56.97 $56.63 (Undervalued)
Hold/Accumulate Downgraded

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Analyst Ratings

Gabelli is very positive about EGBN and gave it a "Hold - Buy" rating on Jan 29, 2021. The price target was set to $45.00.

Volatility and Risk
Daily Average Volatility: 3.29 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.29 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $57.36
Price: $56.63
Support: $56.35

EGBN Insider Trading Show all Trades

INSIDER POWER

3.408

Last 100 transactions
Buy: 266 335 | Sell: 78 139 (Shares)
Date Action Amount Person Type
May 24, 2021 Sell 24 000 Pozez Norman Robert Common Stock
May 19, 2021 Sell 150 Marquez Antonio F Common Stock
May 19, 2021 Sell 300 Marquez Antonio F Common Stock
May 18, 2021 Buy 250 Marquez Antonio F Common Stock
May 18, 2021 Sell 250 Marquez Antonio F Common Stock
Show all Insider Trades
INSIDER POWER

3.408

Last 100 transactions
Buy: 266 335 | Sell: 78 139 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 58.92 4.04 %
58.17 2.72 %
57.71 1.91 %
Current price: 56.63
Support 56.22 -0.72 %
55.76 -1.53 %
55.02 -2.85 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 58.77 3.78 %
58.60 3.48 %
57.36 1.29 %
Current price 56.63
Support 56.35 -0.49%
54.08 -4.50%
52.70 -6.94%

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About Eagle Bancorp

Eagle Ban Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits. The company also offers various commercial and consumer lending products comprising commercial loans for working capit... Read more

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