EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EGP - US2772761019 - REIT
We assign a technical rating of 7 out of 10 to EGP. Although EGP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
EGP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 179.53. Right above this resistance zone may be a good entry point.
More info and screens
153.50
We found 6 important support areas.
- A support zone ranging from 178.37 to 178.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 172.81 to 175.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 167.14 to 168.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @162.35 from a horizontal line in the daily time frame.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 179.53 to 182.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 186.11 to 187.46. 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 | 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 | 66.61 | NEUTRAL | EGP is not amongst the best or worst performers 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) | 53.92 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EGP has a negative trend. |
| Stochastics (14,3) | 62.17 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 11.41 | NEGATIVE | The low ADX value for EGP suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 182.73 | 178.36 | 4.37 (2.39%) | 25.00% |
| An entry @182.73. This is a Buy Stop order right above the resistance zone. | An exit @178.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.37 points, which is 2.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The distance between exit and entry is rather small compared to the average daily movement of EGP. 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.
179.24
-0.21 (-0.12%)
EASTGROUP PROPERTIES INC / EGP FAQ
What is the technical rating for EGP stock?
ChartMill assigns a technical rating of 7 / 10 to EGP.
What is the trend direction for 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 53.9175. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EASTGROUP PROPERTIES INC?
The MACD indicator for EASTGROUP PROPERTIES INC (EGP) has a value of -0.0639023, indicating a bearish trend.
What is the support and resistance level for EGP stock?
EASTGROUP PROPERTIES INC (EGP) has a support level at 178.41 and a resistance level at 179.53. Check the full technical report for our detailed analysis of EGP support and resistance levels.