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(EFC) Ellington Financial complete technical analysis [charts+indicators] | Buy/Sell Ellington Financial | (EFC) share price targets

Complete technical analysis of Ellington Financial (EFC) by charts plus indicators, forecast predictions and share price targets for Ellington Financial (EFC)

Ellington Financial trades in USA in Finance sector.

Showing technical analysis as on 2024-04-17 View latest technical analysis

10 day averaged volume of Ellington Financial is 793910

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	11.12	11.10	11.15	11.04	0.762 times
16 Tue Apr 2024	11.03	11.01	11.07	10.88	1.001 times
15 Mon Apr 2024	11.03	11.23	11.28	10.95	1.056 times
12 Fri Apr 2024	11.19	11.26	11.30	11.15	0.759 times
11 Thu Apr 2024	11.28	11.20	11.29	11.08	0.898 times
10 Wed Apr 2024	11.13	11.35	11.44	11.06	1.754 times
09 Tue Apr 2024	11.59	11.46	11.59	11.43	0.838 times
08 Mon Apr 2024	11.46	11.44	11.46	11.37	0.766 times
05 Fri Apr 2024	11.38	11.30	11.44	11.23	0.775 times
04 Thu Apr 2024	11.28	11.53	11.57	11.26	1.243 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.2, but if it comes above 11.2, then a intra day buy could be more profitable.
If you take a sell trade below 11.2, then use 11.2 as stoploss and 10.9 as target. However if you take a buy trade in stock , then use 11.2 as stoploss and 11.44 as target.

Share price targets for Ellington Financial (EFC)

Target Type	Value
Downside Target	10.88
Upside Target	11.81
Upside Target	11.92
Upside Target	12.09
Upside Target	12.47
Upside Target	12.59
Upside Target	13.04
Upside Target	13.20

Intraday share price targets for Ellington Financial (EFC)

Target Type	Value
Downside Intraday Target	10.91
Downside Intraday Target	10.69
Upside Intraday Target	11.31
Upside Intraday Target	11.49
Downside Intraday Target	11.09

Weekly technical analysis of Ellington Financial (EFC)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	11.12	11.23	11.28	10.88	0.562 times
12 Fri Apr 2024	11.19	11.44	11.59	11.06	0.924 times
05 Fri Apr 2024	11.38	11.81	11.81	11.23	1.164 times
28 Thu Mar 2024	11.81	11.72	11.92	11.49	0.905 times
22 Fri Mar 2024	11.65	11.42	11.92	11.30	0.767 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ellington Financial (EFC)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	11.12	11.81	11.81	10.88	0.543 times
28 Thu Mar 2024	11.81	11.33	11.92	11.02	0.657 times
29 Thu Feb 2024	11.33	12.25	12.47	10.89	1.188 times
31 Wed Jan 2024	12.21	12.68	13.04	12.09	0.668 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ellington Financial (EFC)

Price action analysis of Ellington Financial ( (EFC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ellington Financial ( (EFC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ellington Financial ( (EFC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ellington Financial stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Ellington Financial in short term and the sell signal is strong.

Ellington Financial Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ellington Financial in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ellington Financial is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.23 and Ellington Financial (EFC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ellington Financial (EFC) stock. Volume based technical analysis of Ellington Financial (EFC) stock is negative.

Ellington Financial Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.