ELME COMMUNITIES (ELME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ELME - US9396531017 - REIT
We assign a technical rating of 7 out of 10 to ELME. 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.
Besides having an excellent technical rating, ELME also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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14.92
3 important support areas can be observed.
- A support zone ranging from 16.70 to 17.39. 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 15.83. 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 17.41 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 | 71.07 | POSITIVE | ELME has a high relative strength, it outperformed 71.07% 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) | 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) | 60.95 | NEUTRAL | The RSI value for ELME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELME has a negative trend. |
| Stochastics (14,3) | 67.23 | NEUTRAL | The Stochastics value for ELME is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for ELME suggests low volalility. |
| Average Directional Index/ADX (14) | 14.35 | NEGATIVE | The low ADX value for ELME suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 17.67 | 17.11 | 0.56 (3.17%) | 25.00% |
| An entry @17.67. This is a Buy Stop order right above the resistance zone. | An exit @17.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.56 points, which is 3.17%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NYSE:ELME (12/24/2025, 12:07:55 PM)
17.41
+0.03 (+0.17%)
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 60.9534. 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 -0.00684826, indicating a bearish trend.
What are the support and resistance levels for ELME COMMUNITIES (ELME) stock?
ELME COMMUNITIES (ELME) has a support level at 17.35 and a resistance level at 17.39. Check the full technical report for our detailed analysis of ELME support and resistance levels.