EAGLE POINT CREDIT CO INC (ECC) Stock Technical Analysis
USA - NYSE:ECC - US2698081013
Taking everything into account, ECC scores 0 out of 10 in our technical rating. 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.
Although the technical rating is bad, ECC does present a nice setup opportunity. 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 6.22. Right above this resistance zone may be a good entry point.
More info and screens
6.15
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.22 to 6.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.07 from a trend line in the weekly time frame.
- Resistance @7.33 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for ECC is down. |
| ChartMill Relative Strength | 14.99 | NEGATIVE | ECC has a low relative strength, it was outperformed by 85.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECC is below 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) | 44.8 | NEUTRAL | The RSI value for ECC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ECC has a positive trend. |
| Stochastics (14,3) | 59.27 | NEUTRAL | The Stochastics value for ECC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ECC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for ECC suggests a strong trend. |
6.21
+0.05 (+0.81%)
EAGLE POINT CREDIT CO INC / ECC FAQ
What is the technical rating for ECC stock?
ChartMill assigns a technical rating of 0 / 10 to ECC.
Can you provide the trend direction for EAGLE POINT CREDIT CO INC?
The current trend direction for EAGLE POINT CREDIT CO INC (ECC) is Bearish.
What is the RSI signal for ECC stock?
EAGLE POINT CREDIT CO INC (ECC) has an RSI value of 44.7989. This indicates that the stock is currently neutral.
What is the MACD signal for ECC stock?
The MACD indicator for EAGLE POINT CREDIT CO INC (ECC) has a value of 0.0289574, indicating a bearish trend.
What is the short term momentum for ECC stock?
The short term momentum for EAGLE POINT CREDIT CO INC (ECC) is negative.