Sun Communities Inc (SUI): Price Now Near $174.74; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for SUI

At the time of this writing, SUI (Get Ratings)’s price is up $1.84 (1.06%) from the hour prior. The hourly chart shows that SUI has seen 3 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 and 20 hour moving averages have been crossed, with price now being above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SUI ranks 21st in terms of today’s price percentage change out of Trading stocks.

SUI’s Technical Outlook on the Daily Chart

Currently, SUI’s price is up $3.42 (2%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows SUI’s price action over the past 90 days.

SUI

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