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. In the past year, EARN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 71% of all other stocks performed better in the past year than EARN.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month EARN has a been trading in the 5.15 - 5.64 range, which is quite wide. It is currently trading near the high of this range.
- EARN is part of the Capital Markets industry. There are 238 other stocks in this industry, EARN did better than 41% of them.
- 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 an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.29 to 5.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.17 to 5.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @5.69 from a horizontal line 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 | 29.07 | NEGATIVE | EARN has a low relative strength, it was outperformed by 70.93% 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) | 67.72 | 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. |
| Stochastics (14,3) | 73.11 | NEUTRAL | The Stochastics value for EARN is a neutral value. |
| 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) | 22.23 | NEUTRAL | The ADX value for EARN suggests a possible start of a new trend. |
5.64
+0.19 (+3.49%)
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 67.7154. 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 5.44 and a resistance level at 5.69. Check the full technical report for our detailed analysis of EARN support and resistance levels.