ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME • US9396531017
Taking everything into account, ELME scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ELME is a bad performer in the overall market: 100% of all stocks are doing better.
- ELME is one of the lesser performing stocks in the Residential REITs industry. 105% of 20 stocks in the same industry do better.
- ELME is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ELME is lagging the market.
- In the last month ELME has a been trading in the 2.12 - 2.26 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- ELME has an average volume of 4772320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ELME does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.14, a Stop Loss order could be placed below this zone.
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2.11
When analyzing the support we notice one important area.
- A support zone ranging from 2.13 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.16 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.26 from a horizontal line in the daily 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 | 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 | 0.56 | NEGATIVE | ELME has a low relative strength, it was outperformed by 99.44% off all stocks 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) | DOWN | NEGATIVE | The current price of ELME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 10.84 | OVERSOLD | The low RSI value suggests ELME may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests ELME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.84 | OVERSOLD | The low Stochastics value suggests ELME may be oversold. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for ELME suggests some volalility. |
| Average Directional Index/ADX (14) | 81.92 | POSITIVE | The high ADX value value for ELME suggests a strong trend. |
2.15
+0.01 (+0.47%)
ELME COMMUNITIES / ELME FAQ
Can you provide the ChartMill technical rating for ELME COMMUNITIES?
ChartMill assigns a technical rating of 0 / 10 to ELME.
Can you provide the trend direction for ELME COMMUNITIES?
The current trend direction for ELME COMMUNITIES (ELME) is Bearish.
Can you provide the RSI signal for ELME COMMUNITIES?
ELME COMMUNITIES (ELME) has an RSI value of 10.8354. This indicates that the stock is currently oversold.
What is the MACD signal for ELME stock?
The MACD indicator for ELME COMMUNITIES (ELME) has a value of 0.342982, indicating a bearish trend.
Can you provide the support and resistance levels for ELME COMMUNITIES?
ELME COMMUNITIES (ELME) has a support level at 2.14 and a resistance level at 2.16. Check the full technical report for our detailed analysis of ELME support and resistance levels.