ENCORE CAPITAL GROUP INC (ECPG) Stock Technical Analysis
NASDAQ:ECPG - US2925541029 - Common Stock
41.84 USD
+0.42 (+1.01%)
41.84 USD
0 (0%)
We assign a technical rating of 7 out of 10 to ECPG. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ECPG is a bad performer.
76% of all other stocks performed better in the past year than ECPG.
ECPG is part of the Consumer Finance industry. There are 54 other stocks in this industry, of which 79% are performing better than ECPG.
Both the short term and long term trends are positive. This is a very positive sign.
ECPG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ECPG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ECPG is lagging the market.
Besides having an excellent technical rating, ECPG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 41.90. Right above this resistance zone may be a good entry point.
More info and screens
35.60
51.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.63 to 38.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.00 from a trend line in the daily time frame.
- A support zone ranging from 35.96 to 35.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 41.90 to 42.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.78 from a trend line in the weekly time frame.
- Resistance @50.58 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 | UP | POSITIVE | The long term trend for ECPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECPG is up. |
| ChartMill Relative Strength | 24.65 | NEGATIVE | ECPG has a low relative strength, it was outperformed by 75.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ECPG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.7 | NEUTRAL | The RSI value for ECPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ECPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.45 | NEUTRAL | The Stochastics value for ECPG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for ECPG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.82 | POSITIVE | The high ADX value value for ECPG suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.27 | 40.36 | 1.91 (4.52%) | 22.13% |
| An entry @42.27. This is a Buy Stop order right above the resistance zone. | An exit @40.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.91 points, which is 4.52%. | For a 1.00% total portfolio risk, you can invest 22.13% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
41.84
+0.42 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg1.01%
1 Week-0.97%
2 Weeks3.13%
1 Month16.32%
3 Month10.4%
6 Month10.94%
12 Month-16.45%
2 Year-10.71%
3 Year-23.48%
5 Year-8.92%
10 Year2.98%
15 Year111.21%
Volatility
ATR(14)1.17
ATR(20)%3.38%
ATR Inc-23.92%
Range Today1.02
ADR(20)1.36
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.65
Mansfield-0.99
10 Day High42.91
10 Day Low40.37
20 Day High42.91
20 Day Low36.07
52 Week High51.77
52 Week Low26.45
CS1 End38.21
CR1 Start41.9
Volume & EV
DER(3)0.79%
DER(5)0.88%
Volume283.50K
Volume Incr-19.29%
Vol(5)255.20K
Vol(50)276.24K