EAGLE POINT CREDIT CO INC (ECC) Stock Technical Analysis
NYSE:ECC - New York Stock Exchange, Inc. - US2698081013 - Currency: USD
Overall ECC gets a technical rating of 2 out of 10. ECC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than ECC.
ECC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ECC has a been trading in the 7.43 - 8.00 range, which is quite wide. It is currently trading near the lows of this range.
ECC has an average volume of 1234090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ECC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ECC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.86
10.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.44 to 7.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.93 to 7.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 7.66 to 7.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.00 from a horizontal line in the weekly time frame.
- Resistance @8.16 from a horizontal line in the daily time frame.
- Resistance @8.31 from a horizontal line in the daily time frame.
- Resistance @8.71 from a horizontal line in the daily time frame.
- Resistance @10.37 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for ECC is down. |
| ChartMill Relative Strength | 15.73 | NEGATIVE | ECC has a low relative strength, it was outperformed by 84.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ECC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ECC is below the rising 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) | 43.93 | NEUTRAL | The RSI value for ECC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ECC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.88 | OVERSOLD | The low Stochastics value suggests ECC may be oversold. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for ECC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for ECC suggests a weak or negative trend. |
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)
7.53
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks-1.83%
1 Month0.13%
3 Month-6.46%
6 Month-14.63%
12 Month-25.07%
2 Year-25.89%
3 Year-36.08%
5 Year5.91%
10 Year-62.78%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.7%
ATR Inc-37.09%
Range Today0.06
ADR(20)0.12
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.73
Mansfield-2.05
10 Day High7.69
10 Day Low7.43
20 Day High8
20 Day Low7.43
52 Week High10.32
52 Week Low6.54
CS1 End7.51
CR1 Start7.66
Volume & EV
DER(3)5.96%
DER(5)3.35%
Volume896.40K
Volume Incr-21.38%
Vol(5)921.80K
Vol(50)1.23M