ELS Technical Analysis - EQUITY LIFESTYLE PROPERTIES

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ELS. ELS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

82% of all other stocks performed better in the past year than ELS.

ELS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

ELS has an average volume of 1790630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

ELS is an average performer in the Residential REITs industry, it outperforms 63% of 20 stocks in the same industry.

In the last month ELS has a been trading in a tight range between 58.87 and 62.12.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EQUITY LIFESTYLE PROPERTIES / ELS Weekly stock chart

EQUITY LIFESTYLE PROPERTIES / ELS Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ELS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

57.84

70.01

When analyzing the support we can see 2 important areas.

Support @59.62 from a horizontal line in the weekly time frame.
A support zone ranging from 58.42 to 58.43. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 60.53 to 61.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 65.57 to 66.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 68.58 to 69.32. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 ELS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ELS is down.
ChartMill Relative Strength	18.15	NEGATIVE	ELS has a low relative strength, it was outperformed by 81.85% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ELS is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ELS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ELS is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.17	NEUTRAL	The RSI value for ELS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests ELS has a negative trend.
Stochastics (14,3)	35.14	NEUTRAL	The Stochastics value for ELS is a neutral value.
Average True Range in percent/ATR (20)	1.58	LOW VOLATILITY	The low ATR as a percentage value for ELS suggests low volalility.
Average Directional Index/ADX (14)	9.4	NEGATIVE	The low ADX value for ELS suggests a weak or negative trend.