Investors tracking technical indicators on shares of Ellington Residential Mortgage (EARN) may be focusing in on the 20-Day Bollinger Bands signal. After a recent check, we have noted that the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions. The direction of the signal is presently Steady. Tracking another signal, we can see that the 10-day moving average Hilo channel reading is currently Hold. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of this signal has been spotted as reading Bullish.
Investors may be looking for solid stocks to add to the portfolio. Sometimes, investors may choose to go against the grain and try something that nobody else is doing. This typically comes with plenty of time and research examining those appealing stocks. Digging into the fundamentals as well as tracking technical levels can help separate the winners from the losers. Investors who are able to keep the required temperament may be able to cope with market volatility and get positioned to take advantage of any opportunity that presents itself.
Ellington Residential Mortgage (EARN) currently has a standard deviation of +0.33. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help measure the volatility of a particular investment. Watching the standard deviation may help investors see if a stock is primed for a major move. The stock’s current pivot is 10.57. The pivot point is typically used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.
Ellington Residential Mortgage (EARN)) currently has a 6 month MA of 10.98. Investors may use moving averages for different reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may be watching when the stock price crosses a certain moving average and then closes on the other side. These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the beginning of a downward move. On the other end, a cross above a moving average may indicatet a possible uptrend. Investors may be focused on multiple time periods when studying moving averages. Zooming out a bit further, we have noted that the 9 month moving average is currently 11.18.
Investors may be tracking the average range on shares of Ellington Residential Mortgage (EARN). The stock currently has a 9 day average range of 0.21. This a moving average of trading ranges over a 9 day time frame. With this value, higher numbers tend to occur at market bottoms while lower values may be spotted during extended sideways periods. Looking at the 9 day relative strength reading, we can see that the value is currently 48.45%. This technical momentum indicator compares the size of recent gains to recent losses helping to identify possible overbought and oversold conditions.
The opinion signal for the current session is 80% Sell for Ellington Residential Mortgage. Investors may also be watching the strength and direction of the opinion signals. The opinion direction is presently Weakening. This is a measurement over the last three trading sessions that gives an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Average. This is a longer-term measure verse the historical strength.
Investors may be doing a mid-year review of the portfolio. They may be looking to see what changes need to be made for the second half of the year. Maybe there were some great performers that don’t need much attention. There may also be some not so great performers that need to be looked at a little bit closer. As the next earnings reports become available, investors will be able to scrutinize the numbers. Investors may be tracking sell-side analyst projections heading into earnings. Analysts will often update their numbers as the earnings date approaches.
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