EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
USA - NYSE:EGP - US2772761019 - REIT
171.15 USD
+0.97 (+0.57%)
171.15 USD
0 (0%)
Taking everything into account, EGP scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EGP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, EGP is a bad performer in the overall market: 72% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EGP has a been trading in the 163.10 - 172.92 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
EGP is an average performer in the Diversified REITs industry, it outperforms 56% of 129 stocks in the same industry.
EGP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EGP is lagging the market.
Although the technical rating is only medium, EGP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 173.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 168.77, a Stop Loss order could be placed below this zone.
More info and screens
153.50
190.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 162.35 to 168.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @159.45 from a horizontal line in the daily time frame.
- A support zone ranging from 155.05 to 155.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 173.08 to 173.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @184.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 188.23 to 188.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for EGP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGP is up. |
| ChartMill Relative Strength | 28.65 | NEGATIVE | EGP has a low relative strength, it was outperformed by 71.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGP is above 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) | DOWN | MIXED | The current price of EGP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.94 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests EGP has a positive trend. |
| Stochastics (14,3) | 80.04 | OVERBOUGHT | The high Stochastics value suggests EGP may be overbought. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 19.45 | NEGATIVE | The low ADX value for EGP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
171.15
+0.97 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.57%
1 Week1.7%
2 Weeks3.09%
1 Month1.77%
3 Month0.75%
6 Month6.68%
12 Month-4.91%
2 Year4.84%
3 Year9.23%
5 Year28.61%
10 Year204.75%
15 Year322.8%
Volatility
ATR(14)3.09
ATR(20)%1.8%
ATR Inc28.22%
Range Today1.73
ADR(20)2.96
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.65
Mansfield-0.98
10 Day High172.92
10 Day Low164.26
20 Day High172.92
20 Day Low163.1
52 Week High188.89
52 Week Low137.67
CS1 End168.77
CR1 Start173.08
Volume & EV
DER(3)-1.86%
DER(5)-0.35%
Volume223.90K
Volume Incr-19.85%
Vol(5)332.44K
Vol(50)387.06K