Technical Analysis for EBIX - Ebix, Inc.

Grade Last Price % Change Price Change
B 19.94 -2.40% -0.49
EBIX closed up 4.66 percent on Friday, June 2, 2023, on 63 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Multiple of Ten Bullish Other -2.40%
Wide Bands Range Expansion -2.40%
Gapped Up Strength -2.40%
Overbought Stochastic Strength -2.40%
Spinning Top Other 2.15%
Multiple of Ten Bearish Other 2.15%
Inside Day Range Contraction 2.15%
Wide Bands Range Expansion 2.15%
Overbought Stochastic Strength 2.15%
Slingshot Bullish Bullish Swing Setup 0.10%

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Alert Time
10 DMA Support about 1 hour ago
Gap Down Partially Closed about 2 hours ago
60 Minute Opening Range Breakdown about 2 hours ago
Down 5% about 2 hours ago
Fell Below Previous Day's Low about 2 hours ago

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Ebix, Inc. Description

Ebix, Inc. provides software and e-commerce solutions to the insurance industry. The company operates data exchanges, which connect various entities within the insurance markets and enables the participant to carry and process data from one end to another in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. It also focuses in the area of broker systems on designing and deploying back-end systems consisting of eGlobal for multinational P&C insurance brokers; WinBeat for P&C brokers in the Australian and New Zealand markets; and EbixASP, a system for the P&C insurance brokers in the United States. In addition, the company offers business process outsourcing services, which include certificate origination, certificate tracking, claims adjudication call center, and back office support. Further, it provides carrier systems, such as Ebix Advantage and Ebix Advantageweb targeted at small, medium, and large P&C carriers in the United States and internationally that operate in the personal, commercial, and specialty line areas of insurance. Additionally, Ebix, Inc. offers software development, customization, and consulting services to various companies in the insurance industry, such as carriers, brokers, exchanges, and standard making bodies. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Atlanta, Georgia.


Sector: Technology
Industry: Software - Application
Keywords: Insurance Life Insurance Insurance Industry Risk Management Software Development Insurance Broker Business Process Outsourcing Business Process Outsourcing Services E Commerce Solutions Back End Systems Carrier Systems

Is EBIX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 32.59
52 Week Low 11.745
Average Volume 513,887
200-Day Moving Average 18.73
50-Day Moving Average 16.27
20-Day Moving Average 17.61
10-Day Moving Average 19.10
Average True Range 1.03
RSI (14) 71.67
ADX 28.74
+DI 34.20
-DI 12.96
Chandelier Exit (Long, 3 ATRs) 17.79
Chandelier Exit (Short, 3 ATRs) 18.22
Upper Bollinger Bands 20.99
Lower Bollinger Band 14.24
Percent B (%b) 0.92
BandWidth 38.31
MACD Line 1.05
MACD Signal Line 0.75
MACD Histogram 0.298
Fundamentals Value
Market Cap 632.57 Million
Num Shares 31 Million
EPS 3.08
Price-to-Earnings (P/E) Ratio 6.63
Price-to-Sales 1.87
Price-to-Book 1.78
PEG Ratio 2.16
Dividend 0.30
Dividend Yield 1.47%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.56
Resistance 3 (R3) 22.47 21.67 22.21
Resistance 2 (R2) 21.67 21.13 21.72 22.09
Resistance 1 (R1) 21.05 20.79 21.36 21.14 21.97
Pivot Point 20.25 20.25 20.41 20.30 20.25
Support 1 (S1) 19.63 19.71 19.94 19.72 18.89
Support 2 (S2) 18.83 19.37 18.88 18.77
Support 3 (S3) 18.21 18.83 18.66
Support 4 (S4) 18.30