ELME COMMUNITIES (ELME) Stock Technical Analysis
NYSE:ELME - New York Stock Exchange, Inc. - US9396531017 - REIT - Currency: USD
Overall ELME gets a technical rating of 9 out of 10. In the past year, ELME was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that ELME is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by ELME over the past year are nicely spread over this period.
ELME is one of the better performing stocks in the Residential REITs industry, it outperforms 100% of 20 stocks in the same industry.
ELME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELME is lagging the market slightly.
ELME is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Although ELME has an excellent technical rating, it does not present a decent entry opportunity 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
14.36
17.60
3 important support areas can be observed.
- A support zone ranging from 16.95 to 17.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.25 to 15.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.50 to 14.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.19 to 17.43. This zone is formed by a combination of multiple trend lines 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
CRS84.28
Mansfield0
10 Day High18.08
10 Day Low15.22
20 Day High18.08
20 Day Low14.53
52 Week High18.49
52 Week Low12.74
Performance
1 Week10.26%
2 Weeks9.42%
1 Month16.59%
3 Month5.69%
6 Month-0.93%
12 Month29%
2 Year-8.22%
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)0.2
RSI(14)69.1
LBB14.45
UBB17.58
17.08
-0.01 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-0.06%
1 Week10.26%
2 Weeks9.42%
1 Month16.59%
3 Month5.69%
6 Month-0.93%
12 Month29%
2 Year-8.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%2.6%
ATR Inc-20.06%
Range Today0.44
ADR(20)0.35
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.28
Mansfield0
10 Day High18.08
10 Day Low15.22
20 Day High18.08
20 Day Low14.53
52 Week High18.49
52 Week Low12.74
CS1 End17.07
CR1 Start17.19
Volume & EV
DER(3)1.39%
DER(5)-0.26%
Volume937.90K
Volume Incr157.22%
Vol(5)1.31M
Vol(50)674.20K