ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME - New York Stock Exchange, Inc. - US9396531017 - REIT - Currency: USD
Taking everything into account, ELME scores 4 out of 10 in our technical rating. ELME has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ELME has a been trading in the 15.26 - 16.42 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, ELME turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
ELME is part of the Residential REITs industry. There are 20 other stocks in this industry, ELME did better than 52% of them.
ELME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELME is lagging the market slightly.
ELME has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 15.97, a Stop Loss order could be placed below this zone.
More info and screens
14.17
17.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.41 to 15.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.92 from a trend line in the weekly time frame.
- A support zone ranging from 14.31 to 14.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.03 to 16.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.92 to 16.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.66 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ELME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELME is neutral. |
| ChartMill Relative Strength | 41.31 | 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) | 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) | 52.28 | NEUTRAL | The RSI value for ELME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELME has a positive trend. |
| Stochastics (14,3) | 46.12 | NEUTRAL | The Stochastics value for ELME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ELME suggests some volalility. |
| Average Directional Index/ADX (14) | 13.67 | 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)
16.01
+0.07 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.44%
1 Week1.27%
2 Weeks1.65%
1 Month2.83%
3 Month-7.94%
6 Month-5.49%
12 Month3.89%
2 Year5.96%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.23%
ATR Inc-14.23%
Range Today0.31
ADR(20)0.35
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.31
Mansfield-0.54
10 Day High16.42
10 Day Low15.56
20 Day High16.42
20 Day Low15.26
52 Week High18.49
52 Week Low13.95
CS1 End15.97
CR1 Start16.03
Volume & EV
DER(3)-1.71%
DER(5)-0.59%
Volume601.26K
Volume Incr-8.55%
Vol(5)528.87K
Vol(50)637.30K