EASTGROUP PROPERTIES INC (EGP) Technical Analysis
NYSE:EGP • US2772761019
Current stock price
EGP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to EGP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EGP is only an average performer.
- 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.
- EGP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EGP is performing more or less in line with the market.
- When compared to the yearly performance of all other stocks, EGP outperforms 54% of them, which is more or less in line with the market.
- EGP is part of the Diversified REITs industry. There are 123 other stocks in this industry, EGP did better than 50% of them.
- In the last month EGP has a been trading in the 183.37 - 197.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EGP Weekly and Daily overview Charts
EGP Setup Rating and Analysis
Although the technical rating is only medium, EGP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 182.38, a Stop Loss order could be placed below this zone.
More info and screens
EGP Support and Resistance Analysis
154.36
We found 5 important support areas.
- Support @182.38 from a trend line in the daily time frame.
- A support zone ranging from 177.55 to 178.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 172.11 to 174.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @161.09 from a horizontal line in the weekly time frame.
- Support @155.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 196.32 to 196.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
EGP Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EGP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGP is neutral. |
| ChartMill Relative Strength | 54.34 | NEUTRAL | EGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EGP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.8 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.98 | NEGATIVE | The MACD value suggests EGP has a negative trend. |
| Stochastics (14,3) | 36.21 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for EGP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.99 | NEGATIVE | The low ADX value for EGP suggests a weak or negative trend. |
EGP Chart- and CandleStick Pattern Analysis
EGP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 191.42 | 183.36 | 8.06 (4.21%) | 23.76% |
| An entry @191.42. This is a Buy Stop order right above the 10 day moving average. | An exit @183.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.06 points, which is 4.21%. | For a 1.00% total portfolio risk, you can invest 23.76% of your capital in this trade. |
- 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.
EGP Technicals: Chart, Performance Metrics, Trend & Indicators
187.61
-0.83 (-0.44%)
EASTGROUP PROPERTIES INC / EGP TA FAQ
What is the technical rating for EGP stock?
ChartMill assigns a technical rating of 6 / 10 to EGP.
What is the current trend direction of EASTGROUP PROPERTIES INC (EGP) stock?
The current trend direction for EASTGROUP PROPERTIES INC (EGP) is Bullish.
What is the RSI signal for EGP stock?
EASTGROUP PROPERTIES INC (EGP) has an RSI value of 44.7967. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EASTGROUP PROPERTIES INC?
The short term momentum for EASTGROUP PROPERTIES INC (EGP) is neutral.
What is the support and resistance level for EGP stock?
EASTGROUP PROPERTIES INC (EGP) has a support level at 182.38 and a resistance level at 196.32. Check the full technical report for our detailed analysis of EGP support and resistance levels.