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ELME forms 1,2,3 Retracement Bearish on July 1

Elme Communities (ELME) Technical Analysis, Stock Scans & Trading Signals · Jul 1, 2026, 17:37 ET
ELME finished higher by 4.05% on Wednesday, July 1st, trading 2.1 times its typical volume. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — 1,2,3 Retracement Bearish and Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 1.48, 1.43 & 1.38, with resistance at 1.59, 1.63 & 1.69.

Current SwingTradeBot Technical Rating of ELME: F

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Elme Communities (ELME)