ELLINGTON CREDIT CO (EARN) Stock Technical Analysis
NYSE:EARN - New York Stock Exchange, Inc. - US2885781078 - Currency: USD
Taking everything into account, EARN scores 2 out of 10 in our technical rating. 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.
80% of all other stocks performed better in the past year than EARN.
EARN is part of the Capital Markets industry. There are 230 other stocks in this industry, of which 74% are performing better than EARN.
In the last month EARN has a been trading in the 5.26 - 5.72 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EARN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.67. Right above this resistance zone may be a good entry point.
More info and screens
5.24
7.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.47 to 5.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.29 to 5.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 5.67 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.45 from a trend line in the daily time frame.
- Resistance @6.82 from a trend line in the weekly time frame.
- Strong resistance @7.01 from a horizontal line in the daily time frame.
- Resistance @7.13 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.96
Mansfield-1.73
10 Day High5.7
10 Day Low5.26
20 Day High5.72
20 Day Low5.26
52 Week High7.2
52 Week Low4.33
Performance
1 Week2.18%
2 Weeks6.04%
1 Month6.64%
3 Month-13.8%
6 Month-16.86%
12 Month-19.71%
2 Year-18.08%
3 Year-31.13%
5 Year-40.65%
10 Year-64.41%
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)0.04
RSI(14)56.21
LBB5.22
UBB5.72
5.62
-0.08 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.4%
1 Week2.18%
2 Weeks6.04%
1 Month6.64%
3 Month-13.8%
6 Month-16.86%
12 Month-19.71%
2 Year-18.08%
3 Year-31.13%
5 Year-40.65%
10 Year-64.41%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%2.28%
ATR Inc-34.55%
Range Today0.1
ADR(20)0.12
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.96
Mansfield-1.73
10 Day High5.7
10 Day Low5.26
20 Day High5.72
20 Day Low5.26
52 Week High7.2
52 Week Low4.33
CS1 End5.51
CR1 Start5.67
Volume & EV
DER(3)-5.94%
DER(5)-6.02%
Volume335.00K
Volume Incr-33.14%
Vol(5)298.34K
Vol(50)804.17K