Sun Communities, Inc. (SUI) recently closed at 129.60, up 1.37% from the previous close of 127.85. The stock opened at 128.34 and traded in a day's range of 128.39-130.06. Over the past year, SUI has gained 13.44%, with a 52-week range of 115.53-137.85. Year-to-date performance stands at 5.53%, reflecting steady but range-bound trading in recent months, with price action consolidating near 129 amid broader market influences.
The chart for SUI shows a sideways to upward bias over the last 30 days, as the price hovers around the 200-day moving average. ADX(14) at 33.823 signals a strengthening trend, supporting potential continuation higher if support holds. The stock has respected shorter-term moving averages, with bounces from the 20-day SMA near 128.65, indicating resilient demand in this zone.
Moving averages present a mixed but predominantly bullish picture. The 5-day SMA/EMA at 129.45/129.37 act as near-term resistance, while the 10-day at 129.12/129.14 and 20-day at 128.65/128.99 provide support. Longer-term, the 50-day (129.13/129.01) and 100-day (128.99/129.17) MAs are bullish holds, but the 200-day SMA/EMA at 129.48/129.44 serves as a pivotal level. Price action above most MAs underscores underlying strength.
Momentum favors buyers on the daily chart. RSI(14) at 54.191 remains neutral, avoiding overbought conditions. MACD(12,26) at 0.13 generates a buy signal, with the histogram likely expanding positively. STOCH(9,6) at 77.093 and Williams %R at -20.874 indicate buying pressure nearing peak levels. CCI(14) at 61.0597 confirms bullish bias, while ROC at 1.316 supports recent upside.
Pivot analysis highlights immediate support at S1 129.03, S2 128.57, and S3 128.32, aligning with recent lows and the 20-day MA. Resistance looms at R1 129.74, R2 129.99, and R3 130.45, near the day's high. A break above 130.45 could target prior highs around 137.85, while failure at support risks testing 128.32.
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Traders eye a hold above 129.03 support for bullish continuation, with a close over 130.45 signaling stronger upside momentum. Monitor MACD for sustained buy crossovers and RSI for divergence. A drop below 128.57 may test deeper supports near 128.32. Key levels include the 200-day MA at 129.44 as dynamic resistance and pivot zone at 129.28.
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A.I.dvisor indicates that over the last year, SUI has been closely correlated with ELS. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if SUI jumps, then ELS could also see price increases.
| Ticker / NAME | Correlation To SUI | 1D Price Change % | ||
|---|---|---|---|---|
| SUI | 100% | -0.14% | ||
| ELS - SUI | 69% Closely correlated | -0.29% | ||
| DBRG - SUI | 63% Loosely correlated | -0.32% | ||
| CUBE - SUI | 59% Loosely correlated | -0.32% | ||
| MAA - SUI | 55% Loosely correlated | -0.28% | ||
| STAG - SUI | 54% Loosely correlated | +2.06% | ||
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| Ticker / NAME | Correlation To SUI | 1D Price Change % |
|---|---|---|
| SUI | 100% | -0.14% |
| SUI (2 stocks) | 97% Closely correlated | +1.03% |
| Media Conglomerates (21 stocks) | 60% Loosely correlated | +1.48% |
| Consumer Services (228 stocks) | 12% Poorly correlated | +1.44% |