ELLINGTON FINANCIAL INC (EFC) Stock Technical Analysis
NYSE:EFC - New York Stock Exchange, Inc. - US28852N1090 - REIT - Currency: USD
Overall EFC gets a technical rating of 8 out of 10. Although EFC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
EFC is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 66 other stocks in this industry. EFC outperforms 87% of them.
In the last month EFC has a been trading in the 12.63 - 13.40 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When compared to the yearly performance of all other stocks, EFC outperforms 46% of them, which is more or less in line with the market.
EFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EFC is lagging the market.
EFC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.22, a Stop Loss order could be placed below this zone.
More info and screens
11.23
13.57
3 important support areas can be observed.
- A support zone ranging from 12.75 to 13.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.95 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.34 to 11.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @13.44 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EFC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EFC is up. |
| ChartMill Relative Strength | 46.73 | NEUTRAL | EFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.68 | NEUTRAL | The RSI value for EFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.33 | NEUTRAL | The Stochastics value for EFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for EFC suggests low volalility. |
| Average Directional Index/ADX (14) | 12.93 | NEGATIVE | The low ADX value for EFC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.45 | 12.98 | 0.47 (3.53%) | 25.00% |
| An entry @13.45. This is a Buy Stop order right above the resistance zone. | An exit @12.97. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.47 points, which is 3.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.24
-0.13 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.97%
1 Week0%
2 Weeks1.15%
1 Month4.5%
3 Month8.61%
6 Month5.5%
12 Month1.69%
2 Year-2.07%
3 Year-17.51%
5 Year12.59%
10 Year-27.49%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%1.37%
ATR Inc-2.18%
Range Today0.17
ADR(20)0.18
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.73
Mansfield-0.46
10 Day High13.4
10 Day Low12.99
20 Day High13.4
20 Day Low12.63
52 Week High14.4
52 Week Low11.12
CS1 End13.22
CR1 Start13.44
Volume & EV
DER(3)-0.74%
DER(5)-0.39%
Volume733.30K
Volume Incr-30.28%
Vol(5)685.20K
Vol(50)881.78K