ELLINGTON CREDIT CO (EARN)
US2885781078 - REIT
Taking everything into account, EARN scores 6 out of 10 in our technical rating. EARN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month EARN has a been trading in the 6.46 - 7.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, EARN outperforms 55% of them, which is more or less in line with the market.
EARN is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 66% of 64 stocks in the same industry.
EARN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EARN is lagging the market slightly.
EARN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.71, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
5.54
7.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.52 to 6.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.07 to 6.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.87 from a trend line in the daily time frame.
- Support @5.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.80 to 7.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.21
Mansfield-0.37
10 Day High6.85
10 Day Low6.5
20 Day High7.03
20 Day Low6.46
52 Week High7.64
52 Week Low5.09
Performance
1 Week0.59%
2 Weeks2.58%
1 Month-3.15%
3 Month10.98%
6 Month16.32%
12 Month-2.31%
2 Year-17.03%
3 Year-44.82%
5 Year-36.31%
10 Year-60.98%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)55.27
LBB6.54
UBB6.82
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.01 | 6.51 | 0.50 (7.13%) | 14.02% |
| An entry @7.01. This is a Buy Stop order right above the resistance zone. | An exit @6.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 7.13%. | For a 1.00% total portfolio risk, you can invest 14.02% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ELLINGTON CREDIT CO
NYSE:EARN (5/1/2024, 4:05:00 PM)
After market: 6.77 0 (0%)6.77
+0.16 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg2.42%
1 Week0.59%
2 Weeks2.58%
1 Month-3.15%
3 Month10.98%
6 Month16.32%
12 Month-2.31%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.14
ATR(20)%2.4%
ATR Inc
Range Today0.22
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High6.85
10 Day Low6.5
20 Day High7.03
20 Day Low6.46
52 Week High7.64
52 Week Low5.09
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume227.43K
Volume Incr-15.6%
Vol(5)201.34K
Vol(50)242.06K