Ellington Residential Mortgage Stock Technical Analysis

EARN Stock  USD 7.01  0.05  0.71%   
As of the 20th of July, Ellington Residential shows the Mean Deviation of 0.8147, coefficient of variation of 684.97, and Downside Deviation of 1.11. Ellington Residential technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.

Ellington Residential Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ellington, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Ellington
  
Ellington Residential's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Ellington Residential Analyst Consensus

Target PriceAdvice# of Analysts
9.13Buy5Odds
Ellington Residential Mortgage current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Ellington analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ellington stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ellington Residential, talking to its executives and customers, or listening to Ellington conference calls.
Ellington Analyst Advice Details
Ellington Residential technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ellington Residential technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ellington Residential trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ellington Residential Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ellington Residential volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Ellington Residential Trend Analysis

Use this graph to draw trend lines for Ellington Residential Mortgage. You can use it to identify possible trend reversals for Ellington Residential as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ellington Residential price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Ellington Residential Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ellington Residential Mortgage applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Ellington Residential Mortgage will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.19, which is the sum of squared deviations for the predicted Ellington Residential price change compared to its average price change.

About Ellington Residential Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ellington Residential Mortgage on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ellington Residential Mortgage based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ellington Residential price pattern first instead of the macroeconomic environment surrounding Ellington Residential. By analyzing Ellington Residential's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ellington Residential's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ellington Residential specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2024 (projected)
PTB Ratio0.970.64
Dividend Yield0.08590.1

Ellington Residential July 20, 2024 Technical Indicators

Most technical analysis of Ellington help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ellington from various momentum indicators to cycle indicators. When you analyze Ellington charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Additional Information and Resources on Investing in Ellington Stock

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Residential. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.185
Dividend Share
0.96
Earnings Share
0.34
Revenue Per Share
1.532
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.