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 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.
- 91% of all other stocks performed better in the past year than ECC.
- ECC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ECC has a been trading in the 4.53 - 5.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ECC has an average volume of 1985480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ECC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.56
6 important resistance areas can be observed.
- A resistance zone ranging from 5.62 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.90 from a trend line in the daily time frame.
- Resistance @6.28 from a horizontal line in the daily time frame.
- Resistance @6.39 from a trend line in the weekly time frame.
- Resistance @6.89 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 | DOWN | NEGATIVE | The short term trend for ECC is down. |
| ChartMill Relative Strength | 9.65 | NEGATIVE | ECC has a low relative strength, it was outperformed by 90.35% 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) | 26.97 | OVERSOLD | The low RSI value suggests ECC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ECC has a negative trend. |
| Stochastics (14,3) | 12.11 | OVERSOLD | The low Stochastics value suggests ECC may be oversold. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ECC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for ECC suggests a strong trend. |
4.61
-0.28 (-5.73%)
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 26.9737. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for EAGLE POINT CREDIT CO INC?
The buy/sell signal for EAGLE POINT CREDIT CO INC (ECC) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for EAGLE POINT CREDIT CO INC (ECC) stock?
EAGLE POINT CREDIT CO INC (ECC) has a resistance level at 5.62. Check the full technical report for our detailed analysis of ECC support and resistance levels.