ELLINGTON FINANCIAL INC (EFC) Stock Technical Analysis
USA - NYSE:EFC - US28852N1090 - REIT
13.78 USD
+0.11 (+0.8%)
13.78 USD
0 (0%)
We assign a technical rating of 7 out of 10 to EFC. EFC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, EFC did better than 70% of all other stocks. We also observe that the gains produced by EFC over the past year are nicely spread over this period.
EFC is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 97% of 68 stocks in the same industry.
EFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EFC is lagging the market slightly.
In the last month EFC has a been trading in the 13.10 - 14.04 range, which is quite wide. It is currently trading near the high of this range.
EFC has an average volume of 1336830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, EFC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 13.53, 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
11.72
14.50
3 important support areas can be observed.
- A support zone ranging from 13.23 to 13.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.39 to 12.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.84 to 11.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- 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 | NEUTRAL | NEUTRAL | The long term trend for EFC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EFC is up. |
| ChartMill Relative Strength | 70.83 | POSITIVE | EFC has a high relative strength, it outperformed 70.83% off all stocks 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) | DOWN | MIXED | The current price of EFC is above a declining 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) | 61.79 | NEUTRAL | The RSI value for EFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EFC has a positive trend. |
| Stochastics (14,3) | 80.15 | OVERBOUGHT | The high Stochastics value suggests EFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for EFC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.38 | 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 |
|---|---|---|---|
| 14.03 | 13.09 | 0.94 (6.70%) | 14.93% |
| An entry @14.03. This is a Buy Stop order right above the resistance zone. | An exit @13.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.94 points, which is 6.70%. | For a 1.00% total portfolio risk, you can invest 14.93% of your capital in this trade. |
- 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.
13.78
+0.11 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.8%
1 Week2.91%
2 Weeks2.23%
1 Month2.3%
3 Month6.16%
6 Month6.49%
12 Month10.95%
2 Year6%
3 Year1.03%
5 Year-4.31%
10 Year-22.06%
15 Year-38.21%
Volatility
ATR(14)0.24
ATR(20)%1.71%
ATR Inc9.79%
Range Today0.34
ADR(20)0.23
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.83
3 months CRS71.21
6 months CRS50.52
Mansfield-0.39
10 Day High14.04
10 Day Low13.1
20 Day High14.04
20 Day Low13.1
52 Week High14.4
52 Week Low11.12
CS1 End13.53
CR1 Start14.02
Volume & EV
DER(3)-4.38%
DER(5)-1.2%
Volume1.89M
Volume Incr14.79%
Vol(5)1.32M
Vol(50)1.34M
ELLINGTON FINANCIAL INC / EFC FAQ
What is the ChartMill technical rating of ELLINGTON FINANCIAL INC (EFC) stock?
ChartMill assigns a technical rating of 7 / 10 to EFC.
What is the trend direction for EFC stock?
The current trend direction for ELLINGTON FINANCIAL INC (EFC) is Bearish.
What is the RSI signal for ELLINGTON FINANCIAL INC (EFC) stock?
ELLINGTON FINANCIAL INC (EFC) has an RSI value of 61.7879. 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.