The market has been high on Equity LifeStyle Properties Inc (ELS) stock recently. ELS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Equity LifeStyle Properties Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ELS!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ELS Stock Today?
Equity LifeStyle Properties Inc (ELS) stock is trading at $71.61 as of 3:14 PM on Tuesday, Dec 5, a drop of -$0.62, or -0.86% from the previous closing price of $72.23. The stock has traded between $71.19 and $72.04 so far today. Volume today is less active than usual. So far 485,640 shares have traded compared to average volume of 1,207,530 shares.
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More About Equity LifeStyle Properties Inc
Equity Lifestyle Properties Inc is a real estate investment trust primarily engaged in the ownership and operation of manufactured home communities and recreational vehicle (RV) campgrounds throughout the US. The vast majority of the company's real estate portfolio is comprised of sites located near bodies of water in Florida, the Northeastern region of the US, Arizona, and California. Equity Lifestyle derives nearly all of its income in the form of rental revenue from its properties. This income is pretty evenly split between its community sites and resort sites in the Florida, Northeastern US, Arizona, and California markets. Equity Lifestyle's site offerings mainly attract retirees, vacationing families, and second homeowners who lease on an annual basis.
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