What’s Next For Equity Lifestyle Properties (NYSE:ELS) As Shares Move 0.29% For Week

Equity Lifestyle Properties (NYSE:ELS) has posted trailing 12 months earnings of $1.26 per share. The company has seen a change of 3.10% earnings per share this year. Analysts are predicting 1.68% for the company next year. The firm is yielding 6.80% return on assets and 22.90% return on equity.

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Most importantly investors want to know where the stock is headed from here. In order to get a sense of analyst sentiment, we can look to equity research brokerage firms for guidance. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Equity Lifestyle Properties (NYSE:ELS) currently has an average analyst recommendation of 2.7 according to analysts. This is the average number based on the total brokerage firms taken into consideration by BSR. The same analysts have a future one-year price target of $68.58 on the shares.

In addition to sell-side rational, we can also take a look at some technical indicators. The stock is currently 2.44% away from its 50-day simple moving average and 12.16% away from the 200 day average. Based on a recent trade, the shares are -2.77% away from the 52-week high and 50.28% from the 52-week low. The RSI (Relative Strength Index), which shows price strength by comparing upward and downward close to close movements.

The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Equity Lifestyle Properties (NYSE:ELS) has a 14-day RSI of 30.28, the 7-day is at 46.94, and the 3-day is resting at 43.07.

Equity Lifestyle Properties (NYSE:ELS) currently has a 14-day Commodity Channel Index (CCI) of 42.61. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Shares of Equity Lifestyle Properties (NYSE:ELS) have a 200-day moving average of 113.52. The 50-day is 95.15, and the 7-day is sitting at 70.1. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Equity Lifestyle Properties (NYSE:ELS) is 53.42. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.

The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Equity Lifestyle Properties (NYSE:ELS) is noted at -35.1. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.

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