RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ECC
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Evaluation of Eagle Point Credit Company Inc stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Eagle Point Credit Company Inc stock price gained 0.796% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.05 to $10.13. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.696% from a day low at $10.06 to a day high of $10.13. The price has fallen in 4 of the last 10 days and is down by -1.27% for this period. Volume fell on the last day by -252 thousand shares and in total, 620 thousand shares were bought and sold for approximately $6.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 3.18% during the next 3 months and, with a 90% probability hold a price between $10.12 and $10.64 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 $10.03 and $10.05. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -1.27%. 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).

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 $0.0700 between high and low, or 0.696%. For the last week the stock has had daily average volatility of 0.599%.

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 Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eagle Point Credit Company Inc to open at $10.11, and during the day (based on 14 day Average True Range), to move between $10.04 and $10.22, which gives a possible trading interval of +/-$0.0908 (+/-0.90%) 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 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.14 (0.10%) than the support at $10.09 (0.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.832 Sell Candidate Downgraded

Predicted Opening Price for Eagle Point Credit Company Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$10.11 ( 0.230%) $10.13

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 0.461 %
R2 10.15 0.197 %
R1 10.13 0.0336 %
Current price: 10.13
Support S1 10.08 -0.494 %
S2 10.06 -0.657 %
S3 10.04 -0.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.26 1.28 %
R2 10.18 0.494 %
R1 10.14 0.0987 %
Current price 10.13
Support S1 10.09 -0.395%
S2 10.06 -0.691%
S3 10.00 -1.28%

ECC Dividend Payout History


# Declaration Date 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

What is the symbol for Eagle Point Credit Company Inc Stock and on which exchange is it traded?
The symbol for Eagle Point Credit Company Inc is ECC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eagle Point Credit Company Inc Stock?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Eagle Point Credit Company Inc Stock?
Eagle Point Credit Company Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eagle Point Credit Company Inc Stock.

What's the current price of Eagle Point Credit Company Inc Stock?
As of the end of day on the 2024-03-27, the price of an Eagle Point Credit Company Inc (ECC) share was $10.13.

What is the 52-week high and low for Eagle Point Credit Company Inc Stock?
The 52-week high for Eagle Point Credit Company Inc Stock is $11.79 and the 52-week low is $8.60.

What is the market capitalization of Eagle Point Credit Company Inc Stock?
As of the 2024-03-27, the market capitalization of Eagle Point Credit Company Inc is 779.484M.

When is the next earnings date for Eagle Point Credit Company Inc?
The upcoming earnings date for Eagle Point Credit Company Inc is May 21, 2024.
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About Eagle Point Credit Company Inc

Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States.... ECC Profile

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