Equity Lifestyle Properties Inc Stock Forecast

Stronger technical forecast for Equity Lifestyle Properties Inc stock price after Friday trading.
(Updated on May 10, 2024)

ELS Signals & Forecast

The Equity Lifestyle Properties Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $63.02. On a fall, the stock will find some support from the long-term average at approximately $62.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Equity Lifestyle Properties Inc stock

Equity Lifestyle Properties Inc finds support from accumulated volume at $62.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.580 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.36%.

Our recommended stop-loss: $60.29 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (ELS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Equity Lifestyle Properties Inc to open at $62.81, and during the day (based on 14 day Average True Range), to move between $61.69 and $63.89, which gives a possible trading interval of +/-$1.10 (+/-1.76%) up or down from last closing price. If Equity Lifestyle Properties Inc takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $62.73 (0.10%) than the resistance at $63.16 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Equity Lifestyle Properties Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.261 Buy Candidate Upgraded

Predicted Opening Price for Equity Lifestyle Properties Inc of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.