ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME - US9396531017 - REIT
16.97 USD
-0.03 (-0.18%)
16.97 USD
0 (0%)
Taking everything into account, ELME scores 6 out of 10 in our technical rating. In the last year, ELME was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
62% of all other stocks performed better in the past year than ELME.
Both the short term and long term trends are positive. This is a very positive sign.
ELME is one of the better performing stocks in the Residential REITs industry, it outperforms 84% of 20 stocks in the same industry.
In the last month ELME has a been trading in the 14.81 - 17.06 range, which is quite wide. It is currently trading near the high of this range.
ELME has an average volume of 1021200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELME is lagging the market.
Although the technical rating is only medium, ELME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 16.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.18
17.84
6 important support areas can be observed.
- A support zone ranging from 16.81 to 16.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.21 to 16.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.74 from a horizontal line in the daily time frame.
- A support zone ranging from 15.07 to 15.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.69 from a horizontal line in the daily time frame.
- Support @14.32 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @17.66 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for ELME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELME is up. |
| ChartMill Relative Strength | 38.61 | NEUTRAL | ELME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.18 | NEUTRAL | The RSI value for ELME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ELME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.99 | OVERBOUGHT | The high Stochastics value suggests ELME may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for ELME suggests low volalility. |
| Average Directional Index/ADX (14) | 19.14 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.07 | 16.80 | 0.27 (1.58%) | 25.00% |
| An entry @17.07. This is a Buy Stop order right above the 10 day high. | An exit @16.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.27 points, which is 1.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELME. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.97
-0.03 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-0.18%
1 Week0.53%
2 Weeks2.97%
1 Month7.13%
3 Month5.67%
6 Month-2.42%
12 Month-3.91%
2 Year10.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.91%
ATR Inc-45.79%
Range Today0.14
ADR(20)0.27
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.61
Mansfield-0.52
10 Day High17.06
10 Day Low16.44
20 Day High17.06
20 Day Low14.82
52 Week High18.49
52 Week Low13.95
CS1 End16.95
CR1 Start17.66
Volume & EV
DER(3)-2.29%
DER(5)-0.03%
Volume1.36M
Volume Incr-11.16%
Vol(5)1.22M
Vol(50)1.02M