SUN COMMUNITIES INC. - Daily - Technical analysis published on 11/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 162.71 USD
My targets
168.47 USD (+2.93%)
174.28 USD (+6.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SUN COMMUNITIES INC. as long as the price remains well above 162.71 USD. The buyers” bullish objective is set at 168.47 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 174.28 USD. If there is any crossing, the next objective would be the resistance located at 185.34 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUN COMMUNITIES INC. rating is 163.67 USD. The price registered an increase of +1.37% on the session with the lowest point at 160.16 USD and the highest point at 163.91 USD. The deviation from the price is +2.19% for the low point and -0.15% for the high point.160.16
163.91
163.67
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SUN COMMUNITIES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 136.16 | 140.45 | 162.71 | 163.67 |
| Change (%) | -16.81% | -14.19% | -0.59% | - |
| Change | -27.51 | -23.22 | -0.96 | - |
| Level | Intermediate | Minor | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.94 | 158.75 | 160.11 | 160.92 | 162.28 | 163.09 | 164.45 |
| Camarilla | 160.86 | 161.06 | 161.26 | 161.46 | 161.66 | 161.86 | 162.06 |
| Woodie | 158.21 | 158.89 | 160.38 | 161.06 | 162.55 | 163.23 | 164.72 |
| Fibonacci | 158.75 | 159.58 | 160.09 | 160.92 | 161.75 | 162.26 | 163.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.43 | 151.61 | 155.52 | 157.70 | 161.61 | 163.79 | 167.70 |
| Camarilla | 157.76 | 158.31 | 158.87 | 159.43 | 159.99 | 160.55 | 161.11 |
| Woodie | 150.30 | 152.04 | 156.39 | 158.13 | 162.48 | 164.22 | 168.57 |
| Fibonacci | 151.61 | 153.94 | 155.37 | 157.70 | 160.03 | 161.46 | 163.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 134.73 | 140.54 | 151.60 | 157.41 | 168.47 | 174.28 | 185.34 |
| Camarilla | 158.01 | 159.56 | 161.10 | 162.65 | 164.20 | 165.74 | 167.29 |
| Woodie | 137.35 | 141.85 | 154.22 | 158.72 | 171.09 | 175.59 | 187.96 |
| Fibonacci | 140.54 | 146.99 | 150.97 | 157.41 | 163.86 | 167.84 | 174.28 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.91 | |
| MACD (12,26,9): | 1.7900 | |
| Directional Movement: | 14.72 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 160.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 152.99 | |
| Elder Ray (13): | 3.54 | |
| Super Trend (3,10): | 153.77 | |
| Zig ZAG (10): | 163.67 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 79.31 | |
| TEMA (21): | 159.84 | |
| Williams %R (14): | -2.16 | |
| Chande Momentum Oscillator (20): | 0.96 | |
| Repulse (5,40,3): | 3.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 0.20 |
| MA7: | 158.49 | |
| MA20: | 158.15 | |
| MA50: | 153.47 | |
| MA100: | 146.00 | |
| MAexp7: | 159.65 | |
| MAexp20: | 157.62 | |
| MAexp50: | 153.53 | |
| MAexp100: | 146.55 | |
| Price / MA7: | +3.27% | |
| Price / MA20: | +3.49% | |
| Price / MA50: | +6.65% | |
| Price / MA100: | +12.10% | |
| Price / MAexp7: | +2.52% | |
| Price / MAexp20: | +3.84% | |
| Price / MAexp50: | +6.60% | |
| Price / MAexp100: | +11.68% |
News
Don"t forget to follow the news on SUN COMMUNITIES INC.. At the time of publication of this analysis, the latest news was as follows:
- Sun Communities, Inc. Closes Acquisition of Jensen Portfolio
- Sun Communities, Inc. Reports 2019 Third Quarter Results
- Sun Communities, Inc. Announces Dates for Third Quarter 2019 Earnings Release and Conference Call
- Sun Communities, Inc. Declares Third Quarter 2019 Dividends
- Sun Communities, Inc. to Acquire 31-Community Manufactured Housing Portfolio
This member declared not having a position on this financial instrument or a related financial instrument.
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