Eagle Point Technical Analysis (NYSE:ECC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Eagle Point 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 ECC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Eagle Point. The technical analysis form of Eagle Point stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Eagle Point Moving Average
Moving averages show the ECC 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. The 20 day moving average of $18.39 is above the last closing price of $18.29 and the 50 day moving average of $18.29 is below the last closing price of $18.29. The 10 and 20 day periods can predict short term moving average trends.
Eagle Point Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Eagle Point. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Eagle Point bollinger bands.
Eagle Point Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Eagle Point MACD indicator can be used to identify bullish and bearish trends for the stock.
Eagle Point Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of ECC stock is 48.43.