EAGLE POINT CREDIT CO INC (ECC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ECC - US2698081013
Overall ECC gets a technical rating of 0 out of 10. ECC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ECC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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5.41
When analyzing the support we notice one important area.
- A support zone ranging from 5.46 to 5.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 5.95 to 5.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.16 from a trend line in the daily time frame.
- A resistance zone ranging from 6.32 to 6.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.63 from a trend line in the weekly time frame.
- Resistance @7.03 from a trend line in the weekly time frame.
- Resistance @7.92 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 | DOWN | NEGATIVE | The long term trend for ECC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECC is neutral. |
| ChartMill Relative Strength | 13.11 | NEGATIVE | ECC has a low relative strength, it was outperformed by 86.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ECC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ECC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ECC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.49 | NEUTRAL | The RSI value for ECC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ECC has a positive trend. |
| Stochastics (14,3) | 90.32 | OVERBOUGHT | The high Stochastics value suggests ECC may be overbought. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for ECC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for ECC suggests a possible start of a new trend. |
5.95
-0.05 (-0.83%)
EAGLE POINT CREDIT CO INC / ECC FAQ
Can you provide the ChartMill technical rating for EAGLE POINT CREDIT CO INC?
ChartMill assigns a technical rating of 0 / 10 to ECC.
What is the trend direction for ECC stock?
The current trend direction for EAGLE POINT CREDIT CO INC (ECC) is Bearish.
Can you provide the RSI signal for EAGLE POINT CREDIT CO INC?
EAGLE POINT CREDIT CO INC (ECC) has an RSI value of 54.4897. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for EAGLE POINT CREDIT CO INC?
EAGLE POINT CREDIT CO INC (ECC) has a support level at 5.52 and a resistance level at 5.95. Check the full technical report for our detailed analysis of ECC support and resistance levels.