EFC NEWS why is Ellington Financial Inc. price falling or rising

EFC NEWS reasons for why stock price of Ellington Financial Inc. is falling or rising

EFC Ellington Financial is falling or rising technical reasons

Technical analysis forecast for Ellington Financial Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Ellington Financial EFC at this time. Stock is falling and might fall more.

It appears as if Ellington Financial EFC gave a large move recently.

Stock of Ellington Financial (EFC) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Ellington Financial is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 12.1 as stoploss in an intra day buy trade for a target of 12.35. However, stock will show a bearish move below 12.1.

EFC Ellington Financial is falling or rising NEWS fundamental reasons

More announcements and NEWS

EFC Ellington Financial Inc. current price & indicator signals

Moving Averages for Ellington Financial Inc.

  • 5Day Average: 12.34
  • 12Day Average: 12.22
  • 20Day Average: 12.39
  • 50Day Average: 12.68
  • 100Day Average: 12.74
  • 150Day Average: 12.46
  • 200Day Average: 12.23

EFC Indicators & signals

Indicator MACD (12,26,9)

12.29, 12.42, -0.15
Indicator MACD is in negative zone

Indicator ADX (14)

0, 29.17, 29.17
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of EFC Ellington Financial Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Wed Nov 2024 12.21 12.18 to 12.36 -0.49% 0.74 times
12 Tue Nov 2024 12.27 12.16 to 12.38 -0.97% 0.79 times
11 Mon Nov 2024 12.39 12.32 to 12.55 -0.24% 0.67 times
08 Fri Nov 2024 12.42 12.39 to 12.69 -0.08% 1.34 times
07 Thu Nov 2024 12.43 12.30 to 12.55 3.24% 1.22 times
06 Wed Nov 2024 12.04 11.78 to 12.30 0.75% 1.53 times
05 Tue Nov 2024 11.95 11.85 to 11.97 0.25% 0.83 times
04 Mon Nov 2024 11.92 11.91 to 12.05 -0.25% 0.87 times
01 Fri Nov 2024 11.95 11.94 to 12.24 -1.16% 1.13 times
31 Thu Oct 2024 12.09 12.09 to 12.32 -2.89% 0.86 times
30 Wed Oct 2024 12.45 12.45 to 12.60 -0.4% 0.77 times
29 Tue Oct 2024 12.50 12.31 to 12.54 -0.08% 0.96 times

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