ELLINGTON CREDIT CO (EARN) Stock Technical Analysis
USA - NYSE:EARN - US2885781078
Overall EARN gets a technical rating of 0 out of 10. EARN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 5.08, a Stop Loss order could be placed below this zone.
More info and screens
5.01
We found 1 important support area.
- A support zone ranging from 5.06 to 5.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.19 to 5.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.39 to 5.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.62 to 5.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.89 to 5.97. 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 | DOWN | NEGATIVE | The long term trend for EARN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EARN is down. |
| ChartMill Relative Strength | 17.04 | NEGATIVE | EARN has a low relative strength, it was outperformed by 82.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EARN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EARN is below a declining 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) | 42.29 | NEUTRAL | The RSI value for EARN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EARN has a positive trend. |
| Stochastics (14,3) | 20.88 | NEUTRAL | The Stochastics value for EARN is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for EARN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.78 | POSITIVE | The high ADX value value for EARN suggests a strong trend. |
5.15
+0.1 (+1.98%)
ELLINGTON CREDIT CO / EARN FAQ
What is the ChartMill technical rating of ELLINGTON CREDIT CO (EARN) stock?
ChartMill assigns a technical rating of 0 / 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 42.2908. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ELLINGTON CREDIT CO?
The buy/sell signal for ELLINGTON CREDIT CO (EARN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ELLINGTON CREDIT CO?
ELLINGTON CREDIT CO (EARN) has a support level at 5.08 and a resistance level at 5.19. Check the full technical report for our detailed analysis of EARN support and resistance levels.