Eagle Bancorp, Inc. (NASDAQ:EGBN) shares have caught our attention after a recent volatility scan. Focusing on the ATR or average true range, we can see that the current level is 1.25. The ATR or average true range was developed by J. Welles Wilder. The ATR tracks the distance that the stock price is moving each period. The ATR may be used by investors and traders to gauge when markets are likely to range, when extreme stock price levels are being approached, or if there is significant interest in a trend. ATR may be used as an indicator, but it may not predict anything by itself. Higher ATR’s may indicate that the stock is trending, and smaller ATR’s may be indicitive of stock price consolidation. The ATR range will be positive whether or not shares are trending up or down. ATR may allow traders to more accurately buy or sell into certain trends.
Dealing with the ups and down of the stock market is something that most investors will encounter at some point. Everyone wants to feel that thrill of seeing that big winner soar, and nobody wants to see that loser keep sinking. Figuring out how to best approach the stock market can take up a lot of time and energy. There are many strategies that investors can use when purchasing stocks for the portfolio. Some of these strategies may be riskier than others. Determining a comfortable level of risk appetite may be highly important for the individual investor. It is important to remember that there are no guarantees in the stock market. New investors may have to learn that there is rarely any substitute for hard work and tireless research. Many investors jump in head first and find this out the hard way. Realizing that there is no guaranteed strategy for stock picking might help the investor stay focused and grounded while building up the portfolio.
At current stock price levels, we have noted that Eagle Bancorp, Inc. (NASDAQ:EGBN) shares are separated -16.54% from the 52 week high and 20.94% off of the 52 week low. From the open, the stock has seen a change of -0.28%. Looking at some other high/low data, the stock has been seen trading -10.14% away from the 50 day high and 13.62% off of the 50 day low. In terms of volume, the current value is near 5010. Investors may be keeping a close eye on unusual trading volume on company shares. A large increase or decrease in trading volume may suggest that other factors are present.
Tracking some historical performance information for Eagle Bancorp, Inc. (NASDAQ:EGBN), we have noted that performance for the previous week is 2.68%. YTD, the stock has performed 12.32%. Over the last full-year, shares have performed -9.57%. For the previous month, company shares are -2.02%. For the last quarter, the stock has performed 6.29%. Tracking some recent volatility numbers, shares are 2.03% for the week, and 2.64% for the past month.
Eagle Bancorp, Inc. (NASDAQ:EGBN) has a current consensus broker rating of 2.00. This rating follows a scale where a 1 or a 2 would represent a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would represent a Hold recommendation. Checking in on the RSI or relative strength index, we see that the 14-day level is 57.42. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line heads higher, the stock may be showing strength. The opposite is the case when the RSI line is moving down. RSI may be used to spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a value under 30 would indicate oversold conditions. A level of 50 would represent neutral market momentum.
Investors are typically searching far and wide for any little advantage they can get in the stock market. Short-term traders using technical analysis may be looking to score quick profits by capitalizing on the fluctuations of stock prices. There are many different technical indicators that traders can choose to study. Some traders may find an indicator that works great by itself. Others may use a combination of multiple indicators to help spot trends and patterns. Many active traders will keep a close eye on a particular stock when it is nearing a new high or new low that hasn’t been touched in some time. Studying historical stock price action may lend some insight into whether or not a stock is likely to break out past the new high, or plummet further to a much lower low. Staying on top of the action may be crucial when frequently entering and exiting trades.