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Stock Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Elme Communities (NYSE:ELME)

Long-Term Downtrend (-90) - ELME is in a strong downtrend that is likely to continue. While ELME is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

Open High Low ELME Price Change
13.70 13.77 13.46 13.64 +0.12
Entry Signal

MarketClub’s Trade Triangles for ELME

long term down The long-term trend has been DOWN since Dec 16th, 2022 at 17.625

intermediate term down The intermediate-term trend has been DOWN since Jul 25th, 2023 at 16.150

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 14.580

Smart Scan Analysis for ELME

Based on our trend formula, ELME is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ELME
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.70 13.77 13.46 13.64 +0.12
Prev. Close Volume Bid Ask Time
13.64 446555 2023-09-29 15:59:53
52wk High20.2452wk High Date2022-12-01
52wk Low13.4352wk Low Date2023-09-27
Average Volume628,897Shares Outstanding87,402
P/E Ratio161.5
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