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Stock Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Elme Communities (NYSE:ELME)

Countertrend Up (+85) - ELME is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid ELME?

MarketClub looks at technical strength and momentum to determine if the timing is right for ELME.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_ELME
Open High Low ELME Price Change
14.590 14.780 14.450 14.725 +0.185
Entry Signal

MarketClub’s Trade Triangles for ELME

long term up The long-term trend has been UP since Apr 9th, 2024 at 15.020

intermediate term up The intermediate-term trend has been UP since Mar 21st, 2024 at 13.675

short term down The short-term trend has been DOWN since Apr 15th, 2024 at 14.705

Smart Scan Analysis for ELME

Based on our trend formula, ELME is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ELME
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.590 14.780 14.450 14.725 +0.185
Prev. Close Volume Bid Ask Time
14.540 500138 2024-04-18 15:59:32
52wk High18.1552wk High Date2023-04-20
52wk Low12.4452wk Low Date2023-11-01
Average Volume817,058Shares Outstanding87,402
Assets190,002,800MLiabilities745,968,000M
P/E Ratio161.5
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