SUN COMMUNITIES INC (SUI) Stock Technical Analysis
NYSE:SUI • US8666741041
We assign a technical rating of 8 out of 10 to SUI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SUI is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- SUI is one of the better performing stocks in the Residential REITs industry, it outperforms 89% of 20 stocks in the same industry.
- A new 52 week high is currently being made by SUI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SUI has a been trading in the 115.90 - 137.84 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, SUI outperforms 48% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
Although SUI has an excellent technical rating, it does not offer a high quality setup 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
117.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 126.60 to 129.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.98 to 123.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 136.47 to 136.47. 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 | UP | POSITIVE | The long term trend for SUI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUI is up. |
| ChartMill Relative Strength | 48.68 | 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) | UP | POSITIVE | The current price of SUI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.83 | NEUTRAL | The RSI value for SUI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests SUI has a positive trend. |
| Stochastics (14,3) | 90.77 | OVERBOUGHT | The high Stochastics value suggests SUI may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SUI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.39 | NEGATIVE | The low ADX value for SUI suggests a weak or negative trend. |
136.46
+0.68 (+0.5%)
SUN COMMUNITIES INC / SUI FAQ
What is the ChartMill technical rating of SUN COMMUNITIES INC (SUI) stock?
ChartMill assigns a technical rating of 8 / 10 to SUI.
What is the trend direction for SUI stock?
The current trend direction for SUN COMMUNITIES INC (SUI) is Bullish.
Can you provide the RSI signal for SUN COMMUNITIES INC?
SUN COMMUNITIES INC (SUI) has an RSI value of 69.8332. This indicates that the stock is currently neutral.
What is the MACD signal for SUI stock?
The MACD indicator for SUN COMMUNITIES INC (SUI) has a value of 0.696196, indicating a bearish trend.
What is the short term momentum for SUI stock?
The short term momentum for SUN COMMUNITIES INC (SUI) is positive.