The question on everyone's mind: Will EQUITABLE HOLDINGS INC (NYSE:EQH) breakout?

We've identified EQUITABLE HOLDINGS INC (NYSE:EQH) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:EQH for further developments.

What is the technical picture of EQH telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 8 out of 10 to EQH. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that EQH is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by EQH over the past year are nicely spread over this period.
• EQH is one of the better performing stocks in the Financial Services industry, it outperforms 94% of 101 stocks in the same industry.
• EQH is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so EQH slightly outperforms the market at the moment.
• In the last month EQH has a been trading in the 47.89 - 56.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of EQH contains the most current technical analsysis.

Why is EQH a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, EQH has a 8 as its setup rating, indicating its current consolidation status.

EQH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.24, a Stop Loss order could be placed below this zone.

How to trade EQH?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.