Sun Communities stock: buy or sell
Updated on:
May 17th, 2021
2
Sun Communities stock brief
- Sun Communities closed last Friday at $163.31 after inching a 1.25%.
- The stock is configuring an uptrend pattern since November 2020, when it bottomed at $133.55. This rally marked a 22.28% gain
Should I buy Sun Communities stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 matches one trading strategy:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that price doesn't struggle with upper resistances, and usually it rises fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Sun Communities can break to ATH any time soon, as it only needs to go up a 3.54%. Setup your buy order at $169.09 if you want to trade with this strategy. Arm your stop-loss at $152.18
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $169.09 | $152.18 | 10.00% |
Should I sell Sun Communities stock?
How to know when is it time to sell Sun Communities stock?. Just as when we have to buy shares, determining when is appropiate time to sell is not a haphazard decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for selling short Sun Communities stock
A golden rule is that you should never hold an investment that leads to losses greater than those expected upon purchase. The timing to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Sun Communities stock?
Currently, Sun Communities stock doesn't match any of our preferred sell setups, so if you hold Sun Communities shares and your operation is in profit probably is not time to sell now
Sun Communities ratings
In the last 30 days, 2 brokerage ratings were published for Sun Communities. General sentiment is bullish, with 2 out of 2 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Apr 28th, 2021 | |
| Royal Bank of Canada | Buy |
| May 4th, 2021 | |
| Royal Bank of Canada | Buy |
Sun Communities stock analysis
Sun Communities shares started an uptrend in November 2020, and grew a gorgeous 22.28%. The price action shows higher peaks and higher lows, and along the way provided some buy points for those who wanted to invest. Latest pullback was last March, when price bounced at $137.35. Currently, the price trades in a consolidation between its last top ($168.24) and its last bottom ($137.35)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks. The price is moving very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a bullish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on May 5 after just crossing to the overbough zone for a single day (weak signal). The RSI value last Friday was 56.39. Since that level was lost, Sun Communities price sliced a 1.14%
Sun Communities stock price history
Sun Communities went public priced at an adjusted price1 of $3.45 on Dec 1993. Since then, SUI stock has risen by 4,633.62%, with an average of 171.62% per year. If you had invested $1,000USD in Sun Communities stock at that time, it would worth $47,336.23 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Sun Communities stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
The following table shows the price target posted by brokerage institutions for the last 30 days. Again, these targets are not direct recommendations for small investors and must not be trusted blindly.
There are 2 price predictions released for Sun Communities that average $171.00. That is a 4.71% than the last price ($163.31).
| Brokerage firm | Price target |
|---|---|
| Apr 28th, 2021 | |
| Royal Bank of Canada | $162.00 → $171.00 |
| May 4th, 2021 | |
| Royal Bank of Canada | $162.00 → $171.00 |
Earnings and financials
In late April, Sun Communities, Inc. ($SUI) posted EPS for that highly enhanced Wall St. expectations. Quarterly EPS was $1.26 per share instead of $0.42. This Q1 report represents an earnings surprise of 200.00%. Sales resulted of $298.1 million in contrast to $318.4 million forecasted by analysts.
Same quarter one year ago, reported EPS was $-0.17, so recently reported EPS is a gain of 841.18%. Looking at revenues, figures skyrocketed a 42.68% compared to $3.1B year over year.Sun Communities ($SUI) presents financial report next July. Market analysts analysts predict of $0.61, that is a 51.59% lower than Q1.
Sun Communities performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Sun Communities ($SUI) | 3.10% | 10.20% | 13.10% |
Please read:
The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for educative purposes onlySun Communities summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $162.53 |
| Close | $163.31 |
| Day range | $161.92 - $163.99 |
| Previous close | $161.3 |
| Session gain | 1.25% |
| Average true range | $3.80 |
| 50d mov avg | $155.24 |
| 100d mov avg | $150.83 |
| 200d mov avg | $146.86 |
| Earnings date | July 21st, 2021 |