Eagle Point Credit Company Inc Stock Forecast
Eagle Point Credit Company Inc stock price down 0.197% on Thursday
(Updated on Mar 28, 2024)
The Eagle Point Credit Company Inc stock price fell by -0.197% on the last day (Thursday, 28th Mar 2024) from $10.13 to $10.11. During the last trading day the stock fluctuated 0.595% from a day low at $10.09 to a day high of $10.15. The price has fallen in 4 of the last 10 days and is down by -0.3% for this period. Volume has increased on the last day by 55 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 675 thousand shares were bought and sold for approximately $6.82 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.87% during the next 3 months and, with a 90% probability hold a price between $10.07 and $10.61 at the end of this 3-month period.
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ECC Signals & Forecast
The Eagle Point Credit Company Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.04 and $10.05. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Eagle Point Credit Company Inc stock
Eagle Point Credit Company Inc finds support from accumulated volume at $10.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0600 between high and low, or 0.595%. For the last week the stock has had daily average volatility of 0.558%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Eagle Point Credit Company Inc to open at $10.12, and during the day (based on 14 day Average True Range), to move between $10.02 and $10.20, which gives a possible trading interval of +/-$0.0887 (+/-0.88%) up or down from last closing price. If Eagle Point Credit Company Inc takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.09 (0.20%) than the resistance at $10.13 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eagle Point Credit Company Inc stock A Buy?
The Eagle Point Credit Company Inc stock holds several negative signals and despite the positive trend, we believe Eagle Point Credit Company Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.721 Sell Candidate Unchanged
Predicted Opening Price for Eagle Point Credit Company Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.12 ( 0.0659%) | $10.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.18 | 0.659 % | |
R2 | 10.15 | 0.433 % | ||
R1 | 10.14 | 0.293 % | ||
Current price: | 10.11 | |||
Support | S1 | 10.09 | -0.161 % | |
S2 | 10.08 | -0.301 % | ||
S3 | 10.06 | -0.528 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.18 | 0.692 % | |
R2 | 10.14 | 0.297 % | ||
R1 | 10.13 | 0.198 % | ||
Current price | 10.11 | |||
Support | S1 | 10.09 | -0.198% | |
S2 | 10.06 | -0.495% | ||
S3 | 10.00 | -1.09% |
ECC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Jun 10, 2024 | Jun 28, 2024 | $0.160 | 1.58% |
2 | Feb 16, 2024 | May 10, 2024 | May 31, 2024 | $0.160 | 1.58% |
3 | Feb 13, 2024 | Apr 09, 2024 | Apr 30, 2024 | $0.160 | 1.58% |
4 | Nov 14, 2023 | Mar 07, 2024 | Mar 28, 2024 | $0.140 | 1.38% |
5 | Nov 13, 2023 | Feb 08, 2024 | Feb 29, 2024 | $0.140 | 1.39% |
FAQ
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