ELLINGTON FINANCIAL INC (EFC) Technical Analysis
NYSE:EFC • US28852N1090
Current stock price
EFC Technical Rating and Analysis
Overall EFC gets a technical rating of 0 out of 10. EFC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 78% of all other stocks performed better in the past year than EFC.
- EFC is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry, of which 62% are performing better than EFC.
- EFC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EFC is lagging the market.
- EFC has an average volume of 2293490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month EFC has a been trading in the 11.28 - 12.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
EFC Weekly and Daily overview Charts
EFC Setup Rating and Analysis
Although the technical rating is bad, EFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.05. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EFC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
EFC Support and Resistance Analysis
11.18
We found 1 important support area.
- A support zone ranging from 11.29 to 11.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.05 to 12.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.68 to 14.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.35 from a horizontal line in the weekly time frame.
EFC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for EFC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EFC is neutral. |
| ChartMill Relative Strength | 22.11 | NEGATIVE | EFC has a low relative strength, it was outperformed by 77.89% off all stocks 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) | DOWN | NEGATIVE | The current price of EFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.16 | NEUTRAL | The RSI value for EFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests EFC has a positive trend. |
| Stochastics (14,3) | 75.72 | NEUTRAL | The Stochastics value for EFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for EFC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.4 | POSITIVE | The high ADX value value for EFC suggests a strong trend. |
EFC Chart- and CandleStick Pattern Analysis
EFC Technicals: Chart, Performance Metrics, Trend & Indicators
12.04
+0.14 (+1.18%)
ELLINGTON FINANCIAL INC / EFC TA FAQ
What is the ChartMill technical rating of ELLINGTON FINANCIAL INC (EFC) stock?
ChartMill assigns a technical rating of 0 / 10 to EFC.
What is the current trend direction of ELLINGTON FINANCIAL INC (EFC) stock?
The current trend direction for ELLINGTON FINANCIAL INC (EFC) is Bearish.
Can you provide the RSI signal for ELLINGTON FINANCIAL INC?
ELLINGTON FINANCIAL INC (EFC) has an RSI value of 51.1599. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ELLINGTON FINANCIAL INC?
ELLINGTON FINANCIAL INC (EFC) has a support level at 11.29 and a resistance level at 12.05. Check the full technical report for our detailed analysis of EFC support and resistance levels.