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EARN Stock Tickeron detected bearish Stock Pattern: Three Falling Peaks EARN on March 10, 2025, netting in a 16.21% gain over 2 months

A.I.dvisor
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+16.21% Gain from a Successful pattern Three Falling Peaks
EARN - Ellington Credit Company
Tickeron
Ticker: EARN
Company: Ellington Credit
Gain from shorting: +16.21%
Confirmed: 03/10/25
Succeeded: 04/01/25
Total length: 88 days
On January 03, 2025, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for Ellington Credit Company (EARN, $6.56). 66 days later, on March 10, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 01, 2025, the stock hit the target price of $5.35 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

EARN sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for EARN moved below the 200-day moving average on March 19, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 31, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on EARN as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for EARN turned negative on March 31, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

EARN moved below its 50-day moving average on March 04, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EARN crossed bearishly below the 50-day moving average on March 06, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EARN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for EARN entered a downward trend on April 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EARN advanced for three days, in of 297 cases, the price rose further within the following month. The odds of a continued upward trend are .

EARN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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EARN
Daily Signalchanged days ago
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General Information

a real estate investment trust

Industry

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
53 Forest Avenue
Phone
+1 203 698-1200
Employees
170
Web
https://www.earnreit.com