ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME - New York Stock Exchange, Inc. - US9396531017 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to ELME. ELME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ELME is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month ELME has a been trading in the 15.56 - 16.80 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ELME is an average performer in the Residential REITs industry, it outperforms 47% of 20 stocks in the same industry.
ELME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELME is lagging the market slightly.
ELME 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
14.17
17.84
We found 3 important support areas.
- A support zone ranging from 15.41 to 15.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.02 from a trend line in the weekly time frame.
- A support zone ranging from 14.31 to 14.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.85 to 16.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.81 to 16.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 17.39 to 17.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ELME is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELME is down. |
| ChartMill Relative Strength | 36.99 | NEUTRAL | ELME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ELME is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.04 | NEUTRAL | The RSI value for ELME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ELME has a negative trend. |
| Stochastics (14,3) | 11.79 | OVERSOLD | The low Stochastics value suggests ELME may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for ELME suggests low volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for ELME suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.8
-0.1 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-0.63%
1 Week-5.28%
2 Weeks-1.86%
1 Month-0.06%
3 Month-7.6%
6 Month5.47%
12 Month4.71%
2 Year-3.89%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.81%
ATR Inc-26.96%
Range Today0.26
ADR(20)0.28
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.99
Mansfield-0.71
10 Day High16.8
10 Day Low15.76
20 Day High16.8
20 Day Low15.56
52 Week High18.49
52 Week Low13.95
CS1 End15.74
CR1 Start15.85
Volume & EV
DER(3)-0.01%
DER(5)0.23%
Volume1.12M
Volume Incr44.9%
Vol(5)709.96K
Vol(50)576.05K