ELLINGTON FINANCIAL INC (EFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EFC - US28852N1090 - REIT
Overall EFC gets a technical rating of 6 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.
EFC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.75, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.23
We found 5 important support areas.
- A support zone ranging from 13.63 to 13.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.23 to 13.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 12.65 to 12.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.89 to 11.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @11.34 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @14.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.35 to 14.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 68.6 | NEUTRAL | EFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EFC is above a declining 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) | 55.63 | NEUTRAL | The RSI value for EFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EFC has a positive trend. |
| Stochastics (14,3) | 72 | NEUTRAL | The Stochastics value for EFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for EFC suggests low volalility. |
| Average Directional Index/ADX (14) | 10.08 | NEGATIVE | The low ADX value for EFC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 14.03 | 13.62 | 0.41 (2.92%) | 25.00% |
| An entry @14.03. This is a Buy Stop order right above the resistance zone. | An exit @13.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.41 points, which is 2.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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.
13.85
+0.09 (+0.65%)
ELLINGTON FINANCIAL INC / EFC FAQ
What is the ChartMill technical rating of ELLINGTON FINANCIAL INC (EFC) stock?
ChartMill assigns a technical rating of 6 / 10 to EFC.
What is the trend direction for EFC stock?
The current trend direction for ELLINGTON FINANCIAL INC (EFC) is Bullish.
What is the RSI signal for ELLINGTON FINANCIAL INC (EFC) stock?
ELLINGTON FINANCIAL INC (EFC) has an RSI value of 55.6313. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELLINGTON FINANCIAL INC?
The short term momentum for ELLINGTON FINANCIAL INC (EFC) is positive.
What is the buy/sell signal for EFC stock?
The buy/sell signal for ELLINGTON FINANCIAL INC (EFC) is buy as both the short term and long term trends are positive.