Good buy right now for an impatient, near-term trader because the stock is extremely oversold (RSI_6 ~10) while MACD momentum has flipped positive and is expanding—setup favors a sharp mean-reversion bounce.
Near-term upside levels are clear: first target is the pivot at 2.546, then 2.959 (R1) if momentum follows through.
Hedge fund flow is supportive (buying amount up ~172% QoQ), and the pattern-based model implies positive drift over 1W/1M.
Main reason it’s not a “strong buy” is the broader downtrend (SMA_200 > SMA_20 > SMA_5) and lack of proprietary buy signals today—so this is a tactical buy, not a long-term trend-following entry.
Technical Analysis
Trend: Bearish primary trend (SMA_200 > SMA_20 > SMA_5), indicating the larger structure is still down.
Oscillators: RSI_6 at ~9.97 → extremely oversold; statistically prone to snapback moves.
Levels: Support S1=2.134 (very near current 2.195); if that holds, bounce odds improve. Resistance pivot=2.546, then R1=2.959 and R2=3.214.
Market backdrop: S&P 500 down ~0.34% today; ELME is green despite that, mildly constructive relative strength intraday.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Open interest put/call ratio 0.77 (more calls than puts) → modestly bullish positioning.
Options volume is effectively zero today → sentiment signal is mostly from positioning (OI), not fresh trading demand.
IV context: 30D IV ~30.85 with low IV percentile/rank (IV percentile ~13.94; IV rank ~7.11) → options pricing is relatively cheap vs its own history, but also suggests the market isn’t pricing an imminent big move via options right now.
Technical Summary
Sell
8
Buy
6
Positive Catalysts
often precedes fast rebounds.
Neutral/Negative Catalysts
Larger trend remains bearish (moving averages stacked bearishly), so rebounds can fail at resistance.
No recent news catalyst in the last week to explain or sustain a trend reversal.
Financial profile still weak on profitability (net income and EPS remain negative), limiting longer-term confidence.
No Intellectia proprietary buy signal today (AI Stock Picker and SwingMax both inactive), reducing conviction vs higher-quality setups.
Net income: -123.597M, improved YoY (percentage improvement is large due to prior-period base), but still deeply negative.
EPS: -1.40, improved YoY, but still negative.
Gross margin: 57.49%, down ~3.99% YoY (margin pressure).
Overall: improving YoY comparisons, but profitability remains a key overhang.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
No analyst rating or price-target change data was provided, so recent Wall Street trend can’t be confirmed from this dataset.
Pros (what Wall Street would likely like given the data): improving YoY net income/EPS metrics and modest revenue growth.
Cons: still negative earnings, margin decline, and the stock is in a longer-term downtrend—would typically keep ratings cautious without a clear operational inflection.
Wall Street analysts forecast ELME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELME is 18 USD with a low forecast of 18 USD and a high forecast of 18 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast ELME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELME is 18 USD with a low forecast of 18 USD and a high forecast of 18 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
2 Hold
0 Sell
Hold
Current: 2.210
Low
18
Averages
18
High
18
Current: 2.210
Low
18
Averages
18
High
18
JPMorgan
Neutral
downgrade
$19 -> $18
AI Analysis
2025-10-21
Reason
JPMorgan
Price Target
$19 -> $18
AI Analysis
2025-10-21
downgrade
Neutral
Reason
JPMorgan lowered the firm's price target on Elme Communities to $18 from $19 and keeps a Neutral rating on the shares. The firm updated the company's model.
Truist
Buy
to
Hold
downgrade
$18 -> $2
2025-09-11
Reason
Truist
Price Target
$18 -> $2
2025-09-11
downgrade
Buy
to
Hold
Reason
Truist downgraded Elme Communities to Hold from Buy with a price target of $2, down from $18. The company is liquidating and the shares are up 12% year-to-date, the analyst tells investors in a research note. The firm reduced estimates to reflect Elme's dispositions and assumed transaction fees. The Hold rating reflects the view that investors may find better risk-adjusted returns elsewhere, contends Truist.
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