EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EGP • US2772761019
Overall EGP gets a technical rating of 8 out of 10. 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 and short term trends are both positive. This is looking good!
- EGP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EGP has a been trading in the 177.11 - 193.14 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, EGP turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- EGP is an average performer in the Diversified REITs industry, it outperforms 59% of 122 stocks in the same industry.
Although EGP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
154.36
3 important support areas can be observed.
- A support zone ranging from 177.55 to 188.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 170.69 to 174.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @155.92 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 189.92 to 192.16. 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 | UP | POSITIVE | The short term trend for EGP is up. |
| ChartMill Relative Strength | 56.96 | 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) | UP | POSITIVE | The current price of EGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.47 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests EGP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.69 | OVERBOUGHT | The high Stochastics value suggests EGP may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 22.11 | NEUTRAL | The ADX value for EGP suggests a possible start of a new trend. |
189.91
-2.24 (-1.17%)
EASTGROUP PROPERTIES INC / EGP FAQ
What is the technical rating for EGP stock?
ChartMill assigns a technical rating of 8 / 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 62.4696. 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 positive.
What is the support and resistance level for EGP stock?
EASTGROUP PROPERTIES INC (EGP) has a support level at 188.23 and a resistance level at 189.92. Check the full technical report for our detailed analysis of EGP support and resistance levels.