ELLINGTON CREDIT CO (EARN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EARN - US2885781078
Overall EARN gets a technical rating of 5 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.
- When comparing the yearly performance of all stocks, EARN is a bad performer in the overall market: 73% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- EARN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- EARN is an average performer in the Capital Markets industry, it outperforms 42% of 237 stocks in the same industry.
- EARN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EARN is lagging the market.
EARN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.69. Right above this resistance zone may be a good entry point.
More info and screens
4.96
We found 3 important support areas.
- Support @5.63 from a trend line in the daily time frame.
- Support @5.18 from a trend line in the weekly time frame.
- A support zone ranging from 5.01 to 5.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.69 to 5.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for EARN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EARN is up. |
| ChartMill Relative Strength | 27.54 | NEGATIVE | EARN has a low relative strength, it was outperformed by 72.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EARN is above 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) | UP | POSITIVE | The current price of EARN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.02 | NEUTRAL | The RSI value for EARN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EARN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.93 | OVERBOUGHT | The high Stochastics value suggests EARN may be overbought. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for EARN suggests low volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for EARN suggests a strong trend. |
5.63
+0.04 (+0.72%)
ELLINGTON CREDIT CO / EARN FAQ
What is the ChartMill technical rating of ELLINGTON CREDIT CO (EARN) stock?
ChartMill assigns a technical rating of 5 / 10 to EARN.
What is the current trend direction of ELLINGTON CREDIT CO (EARN) stock?
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 65.0162. This indicates that the stock is currently neutral.
What is the short term momentum for EARN stock?
The short term momentum for ELLINGTON CREDIT CO (EARN) is positive.
Can you provide the support and resistance levels for ELLINGTON CREDIT CO?
ELLINGTON CREDIT CO (EARN) has a support level at 5.63 and a resistance level at 5.69. Check the full technical report for our detailed analysis of EARN support and resistance levels.