Ebix Inc (EBIX): Price Now Near $28; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for EBIX

At the moment, EBIX (Get Ratings)’s price is up $0.1 (0.34%) from the hour prior. This is the 2nd hour in a row EBIX has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 Computers stocks, EBIX ranks 22nd in regards to today’s price percentage change.

EBIX’s Technical Outlook on the Daily Chart

At the time of this writing, EBIX’s price is up $0.27 (0.96%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as EBIX has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Ebix Inc’s price action over the past 90 days can be seen via the chart below.

EBIX

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EBIX: Daily RSI Analysis

  • For EBIX, its RSI is now at 38.5426.
  • EBIX and RSI may be exhibiting divergent trends. This may be something to monitor.

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