Equity Lifestyle Properties Inc Stock Forecast
Red day on Tuesday for Equity Lifestyle Properties Inc
(Updated on Apr 23, 2024)
The Equity Lifestyle Properties Inc stock price fell by -1.48% on the last day (Tuesday, 23rd Apr 2024) from $62.70 to $61.77. During the last trading day the stock fluctuated 2.94% from a day low at $61.65 to a day high of $63.46. The price has fallen in 6 of the last 10 days and is down by -3.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -43 thousand shares and in total, 1 million shares were bought and sold for approximately $84.59 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.64% during the next 3 months and, with a 90% probability hold a price between $55.13 and $58.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ELS Signals & Forecast
There are mixed signals in the stock today. The Equity Lifestyle Properties Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $61.97 and $64.01. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.21%. 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).
Support, Risk & Stop-loss for Equity Lifestyle Properties Inc stock
Equity Lifestyle Properties Inc finds support from accumulated volume at $61.56 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 $1.81 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Equity Lifestyle Properties Inc to open at $62.29, and during the day (based on 14 day Average True Range), to move between $60.65 and $62.89, which gives a possible trading interval of +/-$1.12 (+/-1.82%) 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 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.56 (0.34%) than the resistance at $64.04 (3.67%), 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?
Equity Lifestyle Properties Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.541 Sell Candidate Unchanged
Predicted Opening Price for Equity Lifestyle Properties Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $62.29 ( 0.85%) | $61.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.10 | 3.78 % | |
| R2 | 63.41 | 2.66 % | ||
| R1 | 62.98 | 1.97 % | ||
| Current price: | 61.77 | |||
| Support | S1 | 61.60 | -0.272 % | |
| S2 | 61.17 | -0.96 % | ||
| S3 | 60.48 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.18 | 7.14 % | |
| R2 | 64.40 | 4.26 % | ||
| R1 | 64.04 | 3.67 % | ||
| Current price | 61.77 | |||
| Support | S1 | 61.56 | -0.340% | |
| S2 | 61.36 | -0.664% | ||
| S3 | 61.07 | -1.13% |
ELS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.478 | 0.782% |
| 2 | Oct 24, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.448 | 0.637% |
| 3 | Jul 25, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.448 | 0.693% |
| 4 | Apr 25, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.448 | 0.665% |
| 5 | Feb 07, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.448 | 0.703% |
FAQ
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