EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
NYSE:EGP - New York Stock Exchange, Inc. - US2772761019 - REIT - Currency: USD
Taking everything into account, EGP scores 3 out of 10 in our technical rating. In the past year, EGP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
66% of all other stocks performed better in the past year than EGP.
In the last month EGP has a been trading in the 163.65 - 175.09 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
EGP is an average performer in the Diversified REITs industry, it outperforms 42% of 130 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 bad, EGP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
153.50
190.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 168.29 to 169.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @164.82 from a horizontal line in the daily time frame.
- A support zone ranging from 155.05 to 156.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 170.53 to 173.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 184.01 to 188.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for EGP is neutral. |
| ChartMill Relative Strength | 34.45 | 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) | DOWN | NEGATIVE | The current price of EGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.77 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests EGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.61 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 8.95 | 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)
169.88
+0.02 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.01%
1 Week0.82%
2 Weeks-0.64%
1 Month0.88%
3 Month5.89%
6 Month5.55%
12 Month-2.15%
2 Year-4.12%
3 Year-0.39%
5 Year28.06%
10 Year182.19%
15 Year368.38%
Volatility
ATR(14)3.15
ATR(20)%1.75%
ATR Inc-46.59%
Range Today0.98
ADR(20)2.84
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.45
Mansfield-1.02
10 Day High174.54
10 Day Low163.65
20 Day High175.09
20 Day Low163.65
52 Week High192.61
52 Week Low137.67
CS1 End156.82
CR1 Start167.82
Volume & EV
DER(3)-2.12%
DER(5)-0.45%
Volume129.30K
Volume Incr35.36%
Vol(5)433.32K
Vol(50)352.64K