Will Ebang International Holdings Inc (NASDAQ:EBON) Continue Pre-Market Uptrend?

Ebang International Holdings Inc (NASDAQ:EBON) is up in the pre-market trading session. 

Market Action

EBON is currently trading at 3.07 up 1.99% or $ 0.06 Yesterday 7 million shares have traded, much below its 30-day average volume of 18.88 million shares. The stock closed at $3.01 and moved within a range of $2.59 – $3.01.

EBON Misleading Claims 

Ebang International Holdings Inc is accused of making materially false and misleading statements regarding the company’s business.

  • EBON sales were declining but the statements show an increase in sales
  • The company used the public offerings to buy low yields long-term bonds to an underwriter rather than to develop the company’s operations.
  • EBON’s share price fell $0.12 (2.17%) and is at $5.41 per share on April 7, 2021, and fell further to $5.03 per share on April 8, 2021.

Trader Notes

Share Information

SHARES OUTSTANDING 185.84 M
SHARE FLOAT (%) 129.34 M (69.60%)
% HELD BY INSTITUTIONS 5.80

Recent Stock Performance

5-DAY PERF. -1.95%
1-MONTH PERF. -37.55%
3-MONTH PERF. -71.28%
6-MONTH PERF. -60.03%
YTD PERF. -50.41%
1-YEAR PERF.

Moving Averages

+/- EMA(20) 3.71 (-18.87%)
+/- SMA(50) 5.85 (-48.55%)
+/- SMA(200) 6.58 (-54.26%)

Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 2.3100 2.4500 2.7300 2.8700 3.1500 3.2900 3.5700
Fibonacci 2.4500 2.6104 2.7096 2.8700 3.0304 3.1296 3.2900

Technical Indicators

Symbol Value Result Symbol Value Result
ADX 42.0577 Sell ATR14 0.4405
CCI20 -98.9547 Sell Chaikin Money Flow 0.0421 Neutral
MACD -0.9395 Sell Money Flow Index 23.2909 Sell
ROC -27.1186 Sell RSI 36.2681 Buy
STOCH (14,3) 30.7692 Buy STOCH RSI 1.0000 OverBought
UO 48.6391 Buy Williams %R -69.2308 Neutral

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