Eurobank Holdings' stock presents a negative technical picture as it hovers near recent lows, showing signs of weakening. The stock price stands at €2.496, recording a marginal decline (-0.28%), while technical data indicates limited chances of recovery.
Technical Analysis Overview
Moving Averages (EMA 20/50/100/200) suggest a stabilizing trend with downward prospects.
EMA 20 is at €2.492, EMA 50 at €2.500, and EMA 100 at €2.500, forming a strong resistance level that prevents upward movement.
EMA 200 at €2.491 is being heavily tested as a support level.
Technical Indicators:
MACD is negative (-0.0058), confirming weak stock momentum.
RSI at 47.47 indicates neutrality, with a lack of strength to surpass the critical 50-level.
Fibonacci Levels & Resistance-Support Points:
The stock fails to hold above the 0.236 Fibonacci level (€2.496), with the next support at €2.470.
The Pivot Point resistance (€2.512) has been tested but not successfully surpassed.
Volume Analysis:
Trading volume stands at 14.12 million shares, with increased selling pressure on downward moves, reflecting investor caution.
If selling pressure persists, a potential drop to S1 (€2.452) cannot be ruled out.
Key Technical Weaknesses
Price Weakness & Lack of Recovery Potential:
The stock price is currently at €2.492, down -0.20%.
Despite previous recovery attempts, it has failed to sustain higher levels and now moves near its daily lows.
Moving Averages Indicate Downward Bias:
EMA 20 (€2.492) closely aligns with the current price, signaling weak short-term bullish momentum.
EMA 50 and EMA 100 (€2.500) act as resistance, indicating potential failure to move higher.
EMA 200 (€2.491) provides temporary support, but the price seems likely to break below it.
MACD Shows Negative Momentum:
MACD at -0.0058, below its signal (-0.0082), suggests continued downward pressure.
The positive histogram is minimal (0.0024), reflecting weak buying interest.
RSI Indicates Weak Upward Momentum:
RSI at 47.47, below the neutral 50-level, shows sellers still dominate.
The RSI-based MA (39.14) suggests the stock was recently in oversold territory but lacks strong upside movement.
Fibonacci & Key Support-Resistance Levels:
The stock failed to maintain the 0.236 Fibonacci level (€2.496), showing an inability to recover.
Key support at €2.470, with a possible decline to lower levels if selling pressure persists.
Pivot Point resistance at €2.512 remains challenging to break.
Volume Confirms Selling Pressure:
Trading volume of 14.12M suggests increased selling on downward movements, indicating that sellers are in control.
Bearish Technical Outlook
Eurobank Holdings' technical outlook remains weak, with the price moving below significant resistance levels and indicators suggesting limited upside potential. The stock's inability to break above €2.500 and persistent pressure below moving averages signal a potential continuation of the downward trend, especially if it breaks below €2.470.
Technical Analysis Overview
Moving Averages (EMA 20/50/100/200) suggest a stabilizing trend with downward prospects.
EMA 20 is at €2.492, EMA 50 at €2.500, and EMA 100 at €2.500, forming a strong resistance level that prevents upward movement.
EMA 200 at €2.491 is being heavily tested as a support level.
Technical Indicators:
MACD is negative (-0.0058), confirming weak stock momentum.
RSI at 47.47 indicates neutrality, with a lack of strength to surpass the critical 50-level.
Fibonacci Levels & Resistance-Support Points:
The stock fails to hold above the 0.236 Fibonacci level (€2.496), with the next support at €2.470.
The Pivot Point resistance (€2.512) has been tested but not successfully surpassed.
Volume Analysis:
Trading volume stands at 14.12 million shares, with increased selling pressure on downward moves, reflecting investor caution.
If selling pressure persists, a potential drop to S1 (€2.452) cannot be ruled out.
Key Technical Weaknesses
Price Weakness & Lack of Recovery Potential:
The stock price is currently at €2.492, down -0.20%.
Despite previous recovery attempts, it has failed to sustain higher levels and now moves near its daily lows.
Moving Averages Indicate Downward Bias:
EMA 20 (€2.492) closely aligns with the current price, signaling weak short-term bullish momentum.
EMA 50 and EMA 100 (€2.500) act as resistance, indicating potential failure to move higher.
EMA 200 (€2.491) provides temporary support, but the price seems likely to break below it.
MACD Shows Negative Momentum:
MACD at -0.0058, below its signal (-0.0082), suggests continued downward pressure.
The positive histogram is minimal (0.0024), reflecting weak buying interest.
RSI Indicates Weak Upward Momentum:
RSI at 47.47, below the neutral 50-level, shows sellers still dominate.
The RSI-based MA (39.14) suggests the stock was recently in oversold territory but lacks strong upside movement.
Fibonacci & Key Support-Resistance Levels:
The stock failed to maintain the 0.236 Fibonacci level (€2.496), showing an inability to recover.
Key support at €2.470, with a possible decline to lower levels if selling pressure persists.
Pivot Point resistance at €2.512 remains challenging to break.
Volume Confirms Selling Pressure:
Trading volume of 14.12M suggests increased selling on downward movements, indicating that sellers are in control.
Bearish Technical Outlook
Eurobank Holdings' technical outlook remains weak, with the price moving below significant resistance levels and indicators suggesting limited upside potential. The stock's inability to break above €2.500 and persistent pressure below moving averages signal a potential continuation of the downward trend, especially if it breaks below €2.470.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.