ELLINGTON CREDIT CO (EARN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EARN - US2885781078
Overall EARN gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. EARN was also a bad performer in the overall market in the last year.
EARN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EARN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.97
We found 2 important support areas.
- A support zone ranging from 5.11 to 5.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.28 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.97 to 6.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EARN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EARN is neutral. |
| ChartMill Relative Strength | 19.88 | NEGATIVE | EARN has a low relative strength, it was outperformed by 80.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EARN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EARN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EARN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for EARN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EARN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.61 | NEUTRAL | The Stochastics value for EARN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for EARN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.23 | NEGATIVE | The low ADX value for EARN suggests a weak or negative trend. |
5.28
+0.04 (+0.76%)
ELLINGTON CREDIT CO / EARN FAQ
What is the ChartMill technical rating of ELLINGTON CREDIT CO (EARN) stock?
ChartMill assigns a technical rating of 2 / 10 to EARN.
Can you provide the trend direction for ELLINGTON CREDIT CO?
The current trend direction for ELLINGTON CREDIT CO (EARN) is Bearish.
What is the RSI signal for EARN stock?
ELLINGTON CREDIT CO (EARN) has an RSI value of 52.051. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ELLINGTON CREDIT CO?
ELLINGTON CREDIT CO (EARN) has a support level at 5.12 and a resistance level at 5.28. Check the full technical report for our detailed analysis of EARN support and resistance levels.