Previous Hold Today ECPG ranks #1950 as HOLD CANDIDATE #1950 Next Hold

ECPG stock forecast Encore Capital Group Inc

ECPG stock forecast

Friday January 17, 2020 Change -0.11% Price $36.92
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

ECPG Forecast and Technical Stock Analysis


Hold candidate since 2020-01-17 PDF

Encore Capital Group Inc fell by -0.11% in the last day ( Friday, 17th Jan 2020 ) from $36.96 to $36.92 During the day the stock fluctuated 1.86% from a day low at $36.63 to a day high of $37.31. The price has risen in 6 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -64 642 shares and in total 183 021 shares bought and sold for approximately $6.76 million.

Quick summary:

  • 30 day high of the ECPG stock price was $37.53 and low was $34.48.
  • 90 day high was $37.61 and low was $32.60.
  • 52 week high for Encore Capital Group Inc - $39.19 and low - $26.52.
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Trend

Encore Capital Group Inc 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 5.72% during the next 3 months and, with 90% probability hold a price between $36.96 and $40.39 at the end of this period.

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Signals

Encore Capital Group Inc holds buy signals from both short- and long-term moving averages, 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 $36.16 and $36.23. A break down 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 sales signal was issued from a pivot top point on Thursday January 16, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 60 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Encore Capital Group Inc finds support from accumulated volume at $36.28.

Support: $36.28 Price: $36.92 Resistance: $36.96

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.68 (1.86%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: $35.42 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

1.78 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Encore Capital Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.

Previous Hold Today ECPG ranks #1950 as HOLD CANDIDATE #1950 Next Hold
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