Ellie Mae, Inc. (NYSE:ELLI) Ducks Under The Trend Line

Ellie Mae, Inc. (NYSE:ELLI) shares have experienced a recent steady downtrend, causing some concern for shareholders.

In order to gauge which way a stock is trending, you must compare a stock’s share price to its moving average.  Uptrending stocks trade above their moving averages, while downtrending stocks trade below.

Moving Average 

It is important to consider the moving averages of a downtrending security.  We see here that Ellie Mae, Inc. (NYSE:ELLI) is -1.82% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -0.40% from current levels. 

Further back, their 200-Day Simple Moving Average is -11.01% difference from today’s price.  Currently, the stock is -7.09% from its 50-Day High and 6.83% from the 50-day low. 

RSI and Recommendations

Ellie Mae, Inc.’s RSI is 45.39.  Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 1.52% and month of 2.02%.  

Wall Street analysts have a consensus 2.40 recommendation on the stock.  

Ellie Mae, Inc. (NYSE:ELLI)’s performance this year to date is 4.84%.  The stock has performed -0.10% over the last seven days, 2.04% over the last thirty, and 6.66% over the last three months.  Over the last six months, Ellie Mae, Inc.’s stock has been -19.93% and 2.92% for the year.

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