ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME - New York Stock Exchange, Inc. - US9396531017 - REIT - Currency: USD
Taking everything into account, ELME scores 1 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.
When comparing the yearly performance of all stocks, ELME is a bad performer in the overall market: 72% of all stocks are doing better.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ELME is part of the Residential REITs industry. There are 20 other stocks in this industry, ELME did better than 68% of them.
ELME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELME is lagging the market.
In the last month ELME has a been trading in a tight range between 15.72 and 16.56.
ELME has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
15.00
17.84
We found 1 important support area.
- A support zone ranging from 15.15 to 15.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.74 to 16.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.63 from a trend line in the weekly time frame.
- Strong resistance @16.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.43 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 | 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 | 28.13 | NEGATIVE | ELME has a low relative strength, it was outperformed by 71.87% 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) | UP | MIXED | The current price of ELME is below the rising 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) | 43.78 | 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) | 22.76 | NEUTRAL | The Stochastics value for ELME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for ELME suggests low volalility. |
| Average Directional Index/ADX (14) | 12.22 | NEGATIVE | The low ADX value for ELME suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:ELME (7/28/2025, 2:09:52 PM)
15.64
-0.29 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-1.82%
1 Week-1.79%
2 Weeks-2.81%
1 Month-0.62%
3 Month2.58%
6 Month9.03%
12 Month-5.8%
2 Year-1.97%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%1.81%
ATR Inc10.67%
Range Today0.33
ADR(20)0.29
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.13
Mansfield-1.16
10 Day High16.56
10 Day Low15.79
20 Day High16.56
20 Day Low15.72
52 Week High18.49
52 Week Low13.95
CS1 End15.75
CR1 Start15.94
Volume & EV
DER(3)-2.63%
DER(5)-2.52%
Volume140.03K
Volume Incr-22.66%
Vol(5)559.48K
Vol(50)600.56K