ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME - New York Stock Exchange, Inc. - US9396531017 - REIT
We assign a technical rating of 0 out of 10 to ELME. ELME'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ELME is a bad performer in the overall market: 77% of all stocks are doing better.
ELME is part of the Residential REITs industry. There are 20 other stocks in this industry, of which 84% are performing better than ELME.
ELME is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ELME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELME is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ELME does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.36, a Stop Loss order could be placed below this zone.
More info and screens
14.17
17.60
We found 1 important support area.
- A support zone ranging from 14.31 to 14.36. 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 14.86 to 14.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.84 to 16.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.43 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.89
Mansfield-1.38
10 Day High15.17
10 Day Low14.2
20 Day High15.32
20 Day Low14.2
52 Week High18.49
52 Week Low12.74
Performance
1 Week2.56%
2 Weeks-1.66%
1 Month-3.26%
3 Month-12.75%
6 Month-12.18%
12 Month0.07%
2 Year-22.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)42.29
LBB14.3
UBB15.27
ELME COMMUNITIES
NYSE:ELME (1/21/2025, 8:04:01 PM)
After market: 14.85 0 (0%)14.85
+0.03 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.2%
1 Week2.56%
2 Weeks-1.66%
1 Month-3.26%
3 Month-12.75%
6 Month-12.18%
12 Month0.07%
2 Year-22.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.34%
ATR Inc-17.89%
Range Today0.23
ADR(20)0.34
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.89
Mansfield-1.38
10 Day High15.17
10 Day Low14.2
20 Day High15.32
20 Day Low14.2
52 Week High18.49
52 Week Low12.74
CS1 End14.36
CR1 Start14.86
Volume & EV
DER(3)0.09%
DER(5)0.67%
Volume391.10K
Volume Incr-48.66%
Vol(5)387.66K
Vol(50)632.09K