Eagle Point Technical Analysis (NYSE:ECC)
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. The ECC stock chart pattern can give those who understand technical analysis an indication of which way ECC stock is headed, but cannot predict with 100% certainty as to what can happen to the Eagle Point stock price.
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 Eagle Point. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Eagle Point stock analysis.
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. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $17.84 is above the price of $17.15.
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. Eagle Point bollinger bands show that the stock price is $17.15, upper band is 18.41, lower band is 17.28, and the average is 17.84.
Eagle Point Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Eagle Point MACD indicator can be used to identify bullish and bearish trends for the stock.
Eagle Point Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ECC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.