EAGLE POINT CREDIT CO INC (ECC) Stock Technical Analysis
NYSE:ECC - New York Stock Exchange, Inc. - US2698081013 - Currency: USD
Taking everything into account, ECC scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ECC is a bad performer in the overall market: 82% of all stocks are doing better.
ECC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ECC is lagging the market.
In the last month ECC has a been trading in the 7.42 - 8.23 range, which is quite wide. It is currently trading near the lows of this range.
ECC has an average volume of 1485920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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
6.86
10.47
When analyzing the support we notice one important area.
- 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 7.76 to 8.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.13 to 8.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.31 to 8.38. This zone is formed by a combination of multiple trend lines 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 | 18.76 | NEGATIVE | ECC has a low relative strength, it was outperformed by 81.24% 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) | 38.5 | NEUTRAL | The RSI value for ECC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ECC has a negative trend. |
| Stochastics (14,3) | 7.38 | OVERSOLD | The low Stochastics value suggests ECC may be oversold. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for ECC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.4 | 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)
7.44
-0.11 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.46%
1 Week-3.75%
2 Weeks-6.88%
1 Month-3.63%
3 Month-15.36%
6 Month-17.79%
12 Month-26.99%
2 Year-26.48%
3 Year-41.37%
5 Year1.5%
10 Year-64.01%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2%
ATR Inc41.75%
Range Today0.18
ADR(20)0.14
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.76
Mansfield-2.06
10 Day High8.05
10 Day Low7.42
20 Day High8.23
20 Day Low7.42
52 Week High10.49
52 Week Low6.54
CS1 End7.02
CR1 Start7.76
Volume & EV
DER(3)-7.54%
DER(5)-4.36%
Volume835.90K
Volume Incr-37.47%
Vol(5)769.08K
Vol(50)1.49M