Ellington Residential Mortgage REIT Technical Analysis (NYSE:EARN)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Ellington Residential Mortgage REIT stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the EARN stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Ellington Residential Mortgage REIT. The technical analysis form of Ellington Residential Mortgage REIT stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Ellington Residential Mortgage REIT Moving Average
Moving averages show the EARN stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $11.23 is above the price of $11.05.
Ellington Residential Mortgage REIT Bollinger Bands
Bollinger bands comprise of a center line usually EARN SMA, and two EARN stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Ellington Residential Mortgage REIT bollinger bands show that the stock price is $11.05, upper band is 11.78, lower band is 10.69, and the average is 11.23.
Ellington Residential Mortgage REIT Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Ellington Residential Mortgage REIT MACD indicator can be used to identify bullish and bearish trends for the stock.
Ellington Residential Mortgage REIT Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 30.3 is the RSI value of EARN stock.