Sun Communities stock: buy or sell
Updated on:
Aug 1st, 2021
2
Sun Communities stock brief
- Sun Communities only moved a 0.25% after making all-time highs on Friday
- It's been 7 consecutive sessions in green for Sun Communities, gaining a 5.03%
- Last Monday, Sun Communities posted its Q2 earnings report
Should I buy Sun Communities stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SUI stock a buy?
Currently, Sun Communities stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $SUI in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Sun Communities stock?
When you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies let us to avoid impetuous decisions based on our emotions or the noise surrounding the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for shorting $SUI stock
A guiding principle is that you should not keep an operation that shows a higher than expected losses upon the buy. The timing to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Sun Communities stock?
In the current situation of Sun Communities there is not any eligible sell setup, so Sun Communities stock holders with operations in profit can keep their positions
Sun Communities ratings
In the previous month we couldn't find any rating for Sun Communities
Sun Communities stock analysis
Sun Communities shares started an uptrend in November 2020, and grew an amazing 47.54%. The chart shows higher highs and higher troughs, and along the way gave some entry points for those who wanted to invest. Latest pullback was last May, when price bounced at $159.33. Last June, Sun Communities broke out above its last top ($167.44) giving a good entry point that resulted in a 17.12% profit
$SUI at new All-time Highs
Sun Communities did it again, and marked all-time highs (ATH) on Friday at $199.11. Stock cracked new all-time highs 5 times in the last 10 sessions
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistances.
The current supports are:
Bollinger bands
The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks
Relative strength index
Crossed up the 70 level Friday, with a value of 78.62. Crossing up above the overvalued zone is not a sell signal, as stocks can rise during several weeks being in the overvalued zone
Sun Communities stock price history
Sun Communities started trading on Dec 9th, 1993 priced at $3.43 per share1. Since then, SUI stock surged by 5,617.49%, with an average of 208.06% per year. If you had invested thousand dollars in Sun Communities stock on Dec 1993, it would have a value of $57,174.93 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Sun Communities stock
Nobody knows how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and usually. If you are a small trader you should not trade based on these forecasts.
In the last month we couldn't find any price target posted for Sun Communities stock.
Earnings and financials
Last Monday, Sun Communities, Inc. ($SUI) posted EPS for that significantly enhanced Wall St. expectations. Quarterly EPS was $0.98 per share versus the estimated $0.59. This quarterly report represents an earnings surprise of 66.10%.
Same quarter last year, reported EPS was $0.60, so recently reported EPS means an increase of 63.33%. Sales exploded a 99.18% on an annualized basis in the , from $3.0B to $6.0B last quarter.Sun Communities ($SUI) is hosting the earnings call next October. Forecasted for this quarter is $0.81, compared to $0.98 that was reported for Q2.
Sun Communities performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Sun Communities ($SUI) | 14.70% | 17.80% | 37.70% |
Disclaimer:
The comments given in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative purposes onlySun Communities summary
| Friday, July 30th, 2021 | |
|---|---|
| Open | $196 |
| Close | $196.11 |
| Day range | $195.9 - $199.11 |
| Previous close | $195.63 |
| Session gain | 0.25% |
| Average true range | $4.25 |
| 50d mov avg | $176.22 |
| 100d mov avg | $165.98 |
| 200d mov avg | $154.67 |
| Earnings date | October 19th, 2021 |