ELLINGTON FINANCIAL INC (EFC) Stock Technical Analysis
NYSE:EFC - New York Stock Exchange, Inc. - US28852N1090 - REIT - Currency: USD
Taking everything into account, EFC scores 4 out of 10 in our technical rating. EFC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, EFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.85, 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
2 important support areas can be observed.
- A support zone ranging from 12.70 to 12.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.98 to 12.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.33 to 13.44. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for EFC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EFC is neutral. |
| ChartMill Relative Strength | 50.85 | 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) | DOWN | MIXED | The current price of EFC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.66 | 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. |
| Stochastics (14,3) | 61 | NEUTRAL | The Stochastics value for EFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for EFC suggests low volalility. |
| Average Directional Index/ADX (14) | 12.51 | NEGATIVE | The low ADX value for EFC suggests a weak or negative trend. |
12.88
+0.08 (+0.63%)