Eastern Bankshares Inc (EBC): Price Up $0.03 (0.15)% Over Past Day, Down $0 (0)% Over Past Hour

The Hourly View for EBC

Currently, EBC (Get Ratings)’s price is down $0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Banking stocks, EBC ranks 87th in regards to today’s price percentage change.

EBC’s Technical Outlook on the Daily Chart

At the time of this writing, EBC’s price is up $0.03 (0.15%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows EBC’s price action over the past 90 days.