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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 2024-06-03 View latest technical analysis

10 day averaged volume of Ellington Financial is 850163

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	12.15	12.20	12.22	12.07	1.174 times
31 Fri May 2024	12.12	12.09	12.14	12.04	1.063 times
30 Thu May 2024	12.16	11.94	12.20	11.93	1.109 times
29 Wed May 2024	11.92	11.95	11.97	11.84	0.994 times
28 Tue May 2024	12.02	12.03	12.08	11.98	0.837 times
24 Fri May 2024	12.01	11.85	12.01	11.81	0.737 times
23 Thu May 2024	11.84	12.06	12.09	11.79	1.056 times
22 Wed May 2024	12.05	12.05	12.15	12.01	1.142 times
21 Tue May 2024	12.05	12.15	12.17	12.03	0.827 times
20 Mon May 2024	12.11	12.16	12.25	12.06	1.418 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.1, but if it comes below 12.1, then a intra day sell could be more profitable.
If you take a sell trade below 12.1, then use 12.1 as stoploss and 11.96 as target. However if you take a buy trade in stock , then use 12.1 as stoploss and 12.3 as target.

Share price targets for Ellington Financial (EFC)

Target Type	Value
Downside Target	10.88
Downside Target	11.43
Downside Target	11.74
Downside Target	12.07
Downside Target	12.15
Upside Target	12.20
Upside Target	12.22
Upside Target	12.25
Upside Target	12.47

Intraday share price targets for Ellington Financial (EFC)

Target Type	Value
Downside Intraday Target	12.07
Downside Intraday Target	12
Upside Intraday Target	12.22
Upside Intraday Target	12.3
Downside Intraday Target	12.15

Weekly technical analysis of Ellington Financial (EFC)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	12.15	12.20	12.22	12.07	0.293 times
31 Fri May 2024	12.12	12.03	12.20	11.84	0.773 times
24 Fri May 2024	12.01	12.16	12.25	11.79	1.265 times
17 Fri May 2024	12.15	11.90	12.15	11.74	0.8 times
10 Fri May 2024	11.90	11.73	11.91	11.51	1.368 times

Price has moved up 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
03 Mon Jun 2024	12.15	12.20	12.22	12.07	0.057 times
31 Fri May 2024	12.12	11.45	12.25	11.43	1.014 times
30 Tue Apr 2024	11.44	11.81	11.81	10.88	0.894 times
28 Thu Mar 2024	11.81	11.33	11.92	11.02	0.657 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ellington Financial ( (EFC) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ellington Financial ( (EFC) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ellington Financial ( (EFC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Ellington Financial Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Ellington Financial in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.05 and Ellington Financial (EFC) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.