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.
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.