ELME COMMUNITIES (ELME) Technical Analysis
NYSE:ELME • US9396531017
Current stock price
ELME Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ELME. ELME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ELME is a bad performer in the overall market: 95% of all stocks are doing better.
- ELME is part of the Residential REITs industry. There are 20 other stocks in this industry, of which 100% are performing better than ELME.
- ELME is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ELME has a been trading in the 2.01 - 2.19 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- ELME has an average volume of 1253120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELME Weekly and Daily overview Charts
ELME Setup Rating and Analysis
ELME has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.16, a Stop Loss order could be placed below this zone.
More info and screens
ELME Support and Resistance Analysis
1.96
We found 2 important support areas.
- A support zone ranging from 2.11 to 2.14. 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 1.98 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.16 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
ELME Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ELME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELME is down. |
| ChartMill Relative Strength | 5.85 | NEGATIVE | ELME has a low relative strength, it was outperformed by 94.15% off all stocks 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) | DOWN | MIXED | The current price of ELME is above a declining 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) | 50.64 | NEUTRAL | The RSI value for ELME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.56 | NEUTRAL | The Stochastics value for ELME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ELME suggests some volalility. |
| Average Directional Index/ADX (14) | 33.01 | POSITIVE | The high ADX value value for ELME suggests a strong trend. |
ELME Chart- and CandleStick Pattern Analysis
ELME Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:ELME (5/1/2026, 11:01:08 AM)
2.16
-0.01 (-0.46%)
ELME COMMUNITIES / ELME TA FAQ
Can you provide the ChartMill technical rating for ELME COMMUNITIES?
ChartMill assigns a technical rating of 1 / 10 to ELME.
Can you provide the trend direction for ELME COMMUNITIES?
The current trend direction for ELME COMMUNITIES (ELME) is Bearish.
What is the RSI signal for ELME COMMUNITIES (ELME) stock?
ELME COMMUNITIES (ELME) has an RSI value of 50.6387. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ELME COMMUNITIES?
The buy/sell signal for ELME COMMUNITIES (ELME) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ELME stock?
ELME COMMUNITIES (ELME) has a support level at 2.16 and a resistance level at 2.18. Check the full technical report for our detailed analysis of ELME support and resistance levels.