SUN COMMUNITIES INC (SUI) Stock Technical Analysis
NYSE:SUI - New York Stock Exchange, Inc. - US8666741041 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to SUI. In the past year, SUI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, SUI 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. There is a resistance zone just above the current price starting at 126.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 125.54, a Stop Loss order could be placed below this zone.
More info and screens
113.47
We found 3 important support areas.
- A support zone ranging from 123.65 to 125.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.62 to 120.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 114.62 to 114.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @126.77 from a horizontal line in the daily time frame.
- Resistance @133.22 from a horizontal line in the daily 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 SUI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SUI is neutral. |
| ChartMill Relative Strength | 32.93 | NEUTRAL | SUI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SUI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.33 | NEUTRAL | The RSI value for SUI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests SUI has a positive trend. |
| Stochastics (14,3) | 81.74 | OVERBOUGHT | The high Stochastics value suggests SUI may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SUI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for SUI suggests a weak or negative trend. |
125.94
+0.72 (+0.57%)