ELLINGTON FINANCIAL INC (EFC) Technical Analysis
NYSE:EFC • US28852N1090
Taking everything into account, EFC scores 0 out of 10 in our technical rating. 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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, EFC is a bad performer in the overall market: 79% of all stocks are doing better.
- EFC has an average volume of 2166400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EFC is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 40% of 68 stocks in the same industry.
- 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.
- In the last month EFC has a been trading in the 11.57 - 13.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EFC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.91
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 12.04 to 12.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.43 to 13.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.37 from a horizontal line in the daily time frame.
- Resistance @13.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.02 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.
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 | DOWN | NEGATIVE | The short term trend for EFC is down. |
| ChartMill Relative Strength | 21.55 | NEGATIVE | EFC has a low relative strength, it was outperformed by 78.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EFC is below 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) | 33.68 | NEUTRAL | The RSI value for EFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.93 | NEUTRAL | The Stochastics value for EFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for EFC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.68 | POSITIVE | The high ADX value value for EFC suggests a strong trend. |
EFC Technicals: Chart, Performance Metrics, Trend & Indicators
12.03
-0.06 (-0.5%)
ELLINGTON FINANCIAL INC / EFC FAQ
What is the ChartMill technical rating of ELLINGTON FINANCIAL INC (EFC) stock?
ChartMill assigns a technical rating of 0 / 10 to EFC.
Can you provide the trend direction for ELLINGTON FINANCIAL INC?
The current trend direction for ELLINGTON FINANCIAL INC (EFC) is Bearish.
What is the RSI signal for EFC stock?
ELLINGTON FINANCIAL INC (EFC) has an RSI value of 33.6823. This indicates that the stock is currently neutral.
What is the MACD signal for EFC stock?
The MACD indicator for ELLINGTON FINANCIAL INC (EFC) has a value of -0.0152402, indicating a bearish trend.
What are the support and resistance levels for ELLINGTON FINANCIAL INC (EFC) stock?
ELLINGTON FINANCIAL INC (EFC) has a resistance level at 12.04. Check the full technical report for our detailed analysis of EFC support and resistance levels.