ELME COMMUNITIES (ELME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ELME - US9396531017 - REIT
Taking everything into account, ELME scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ELME is only an average performer.
Although ELME has an excellent technical rating, the quality of the presented setup is not ideal 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.
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14.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.60 to 16.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.41 to 15.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.07 to 15.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.44 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 | 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 | 55.49 | 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) | 70.13 | OVERBOUGHT | The high RSI value suggests ELME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ELME has a positive trend. |
| Stochastics (14,3) | 95.34 | OVERBOUGHT | The high Stochastics value suggests ELME may be overbought. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for ELME suggests low volalility. |
| Average Directional Index/ADX (14) | 15.99 | NEGATIVE | The low ADX value for ELME suggests a weak or negative trend. |
17.36
+0.01 (+0.06%)
ELME COMMUNITIES / ELME FAQ
Can you provide the ChartMill technical rating for ELME COMMUNITIES?
ChartMill assigns a technical rating of 7 / 10 to ELME.
What is the current trend direction of ELME COMMUNITIES (ELME) stock?
The current trend direction for ELME COMMUNITIES (ELME) is Bullish.
What is the RSI signal for ELME stock?
ELME COMMUNITIES (ELME) has an RSI value of 70.1272. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ELME COMMUNITIES?
The MACD indicator for ELME COMMUNITIES (ELME) has a value of 0.0734578, indicating a bearish trend.
What are the support and resistance levels for ELME COMMUNITIES (ELME) stock?
ELME COMMUNITIES (ELME) has a support level at 16.99 and a resistance level at 17.44. Check the full technical report for our detailed analysis of ELME support and resistance levels.