EQUITY LIFESTYLE PROPERTIES (ELS)       64.84  +0.91 (+1.42%)

64.84  +0.91 (+1.42%)

US29472R1086 - REIT - After market: 64.84 0 (0%)

Technical Rating

2

Overall ELS gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ELS was also a bad performer in the overall market in the last year.



In the last month ELS has a been trading in the 62.58 - 67.93 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.
ELS is an average performer in the Equity Real Estate Investment Trusts (REITs) industry, it outperforms 41% of 219 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ELS is a bad performer in the overall market: 66% of all stocks are doing better.
ELS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.94% -10.74% -7.92% -23.77% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 34.32 56.91 - 88.7
ELS Weekly chart
ELS Daily chart

Support/Resistance Analysis


59.26

78.48
When analyzing the support we notice one important area.
  • Support @59.86 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 64.99 to 66.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 71.09 to 71.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 77.34 to 77.70. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, ELS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.


ELS Daily chart

EQUITY LIFESTYLE PROPERTIES64.84

NYSE:ELS (12/8/2022, 3:40:38 PM)+0.91 (+1.42%)

After market: 64.84 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Real Estate
GICS Industry Equity Real Estate Investment Trusts (REITs)
Performance
Today 1.42% 1 Week -1.65%
2 Weeks 0.48% 1 Month 4.94%
3 Month -10.74% 6 Month -7.92%
Volatility
ATR(14) 1.58 ATR(20)% 2.64%
ATR Inc -10.74% Range Today 1.45
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 34.32 Mansfield -0.74
10 Day High 67.93 10 Day Low 63.49
20 Day High 67.93 20 Day Low 62.58
52 Week High 88.7 52 Week Low 56.91
CS1 End 59.86 CR1 Start 64.99
Volume & EV
DER(3) 2.94% DER(5) 2.6%
Volume 487.36K Volume Incr -16.75%
Vol(5) 566.09K Vol(50) 994.61K

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