Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


New York Stock Exchange, Inc. / Energy / Oil, Gas & Consumable Fuels

Technical Rating


Overall EQT gets a technical rating of 6 out of 10. In the last year, EQT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month EQT has a been trading in the 31.58 - 37.50 range, which is quite wide. It is currently trading near the high of this range.
EQT has an average volume of 6483610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EQT is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 61% of 378 stocks in the same industry.
EQT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQT is lagging the market.
When comparing the yearly performance of all stocks, EQT is a bad performer in the overall market: 61% of all stocks are doing better.


1 Month 3 Months 6 Months 12 Months 17.75% 6.40% -8.46% -23.84% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 39.94 28.105 - 51.97
EQT Weekly chart
EQT Daily chart

Support/Resistance Analysis


We found 3 important support areas.
  • A support zone ranging from 34.23 to 34.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 32.30 to 32.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @31.14 from a trend line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 36.29 to 36.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating


Although the technical rating is only medium, EQT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.29, a Stop Loss order could be placed below this zone.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.

36.8635.890.97 (2.63%)25.00%
An entry @36.86. This is a Buy Stop order right above the resistance zone.An exit @35.89. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.97 points, which is 2.63%.For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of EQT. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.