ELME COMMUNITIES (ELME) Stock Technical Analysis
USA - NYSE:ELME - US9396531017 - REIT
We assign a technical rating of 1 out of 10 to ELME. ELME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ELME does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
14.54
3 important support areas can be observed.
- A support zone ranging from 15.41 to 15.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.07 from a horizontal line in the weekly time frame.
- Support @14.69 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.63 to 17.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 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 | 51.8 | 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) | DOWN | NEGATIVE | The current price of ELME is below a declining 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) | 37.65 | NEUTRAL | The RSI value for ELME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ELME has a negative trend. |
| Stochastics (14,3) | 7.23 | OVERSOLD | The low Stochastics value suggests ELME may be oversold. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for ELME suggests low volalility. |
| Average Directional Index/ADX (14) | 16.13 | NEGATIVE | The low ADX value for ELME suggests a weak or negative trend. |
NYSE:ELME (10/31/2025, 10:41:38 AM)
16.5
+0.05 (+0.3%)
ELME COMMUNITIES / ELME FAQ
Can you provide the ChartMill technical rating for ELME COMMUNITIES?
ChartMill assigns a technical rating of 1 / 10 to ELME.
What is the current trend direction of ELME COMMUNITIES (ELME) stock?
The current trend direction for ELME COMMUNITIES (ELME) is Bearish.
What is the RSI signal for ELME stock?
ELME COMMUNITIES (ELME) has an RSI value of 37.6457. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELME COMMUNITIES?
The MACD indicator for ELME COMMUNITIES (ELME) has a value of -0.0357331, indicating a bearish trend.
What are the support and resistance levels for ELME COMMUNITIES (ELME) stock?
ELME COMMUNITIES (ELME) has a support level at 15.59 and a resistance level at 16.63. Check the full technical report for our detailed analysis of ELME support and resistance levels.