RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EGBN
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Eagle Bancorp stock upgraded to Buy Candidate.
(Updated on Jul 12, 2024)

Buy or Hold candidate since Jul 10, 2024 Gain 7.49% PDF

The Eagle Bancorp stock price gained 0.0982% on the last trading day (Friday, 12th Jul 2024), rising from $20.36 to $20.38. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.98% from a day low at $20.28 to a day high of $20.88. The price has risen in 6 of the last 10 days and is up by 13.16% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 340 thousand shares were bought and sold for approximately $6.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -14.40% during the next 3 months and, with a 90% probability hold a price between $13.11 and $17.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

EGBN Signals & Forecast

Mostly positive signals in the chart today. The Eagle Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.92 and $17.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 24.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Eagle Bancorp stock

Eagle Bancorp finds support from accumulated volume at $19.96 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 $0.604 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 3.59%.

The Eagle Bancorp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $19.77 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (EGBN) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Eagle Bancorp to open at $20.51, and during the day (based on 14 day Average True Range), to move between $19.68 and $21.08, which gives a possible trading interval of +/-$0.702 (+/-3.44%) up or down from last closing price. If Eagle Bancorp takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.70 (1.57%) than the support at $19.96 (2.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Eagle Bancorp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.739 Buy Candidate Upgraded

Predicted Opening Price for Eagle Bancorp of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$20.51 ( 0.645%) $20.38

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

Trading levels for EGBN

Fibonacci Support & Resistance Levels

Level Price
R3 21.12 3.61%
R2 20.88 2.48%
R1 20.74 1.78%
Price 20.38
S1 20.28 -0.488%
S2 20.14 -1.19%
S3 19.91 -2.32%

Accumulated Volume Support & Resistance Levels

Level Price
R3 21.62 6.08%
R2 21.31 4.56%
R1 20.70 1.57%
Price 20.38
S1 19.96 -2.06%
S2 18.96 -6.97%
S3 16.88 -17.17%

EGBN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 20, 2024 Jul 20, 2024 Jul 31, 2024 $0.450 2.21%
2 Jun 28, 2024 Jul 19, 2024 Jul 31, 2024 $0.450 2.21%
3 Apr 17, 2024 Apr 17, 2024 Apr 30, 2024 $0.450 2.43%
4 Dec 19, 2023 Jan 10, 2024 Jan 31, 2024 $0.450 1.82%
5 Sep 27, 2023 Oct 19, 2023 Oct 31, 2023 $0.450 2.31%

FAQ

What is the symbol for Eagle Bancorp Stock and on which exchange is it traded?
The symbol for Eagle Bancorp is EGBN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eagle Bancorp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Eagle Bancorp Stock?
As of the end of day on the Jul 12, 2024, the price of an Eagle Bancorp (EGBN) share was $20.38.

What is the 52-week high and low for Eagle Bancorp Stock?
The 52-week high for Eagle Bancorp Stock is $31.97 and the 52-week low is $15.99.

What is the market capitalization of Eagle Bancorp Stock?
As of the Jul 12, 2024, the market capitalization of Eagle Bancorp is 615.264M.

When is the next earnings date for Eagle Bancorp?
The upcoming earnings date for Eagle Bancorp is Jul 24, 2024.
Click to get the best stock tips daily for free!

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. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial re... EGBN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT