EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
NYSE:EGP - New York Stock Exchange, Inc. - US2772761019 - REIT - Currency: USD
Taking everything into account, EGP scores 0 out of 10 in our technical rating. EGP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
81% of all other stocks performed better in the past year than EGP.
EGP is part of the Diversified REITs industry. There are 129 other stocks in this industry, of which 60% are performing better than EGP.
In the last month EGP has a been trading in the 159.37 - 169.87 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 163.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 162.44, a Stop Loss order could be placed below this zone.
More info and screens
153.50
190.11
2 important support areas can be observed.
- A support zone ranging from 160.13 to 162.44. 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 155.05 to 156.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 163.72 to 167.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 170.86 to 173.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 184.01 to 184.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @188.23 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for EGP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGP is down. |
| ChartMill Relative Strength | 19.95 | NEGATIVE | EGP has a low relative strength, it was outperformed by 80.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGP is below a declining 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) | 47.41 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EGP has a positive trend. |
| Stochastics (14,3) | 47.58 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 25.56 | POSITIVE | The high ADX value value for EGP suggests a strong 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)
162.94
+1.04 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.64%
1 Week1.14%
2 Weeks0.6%
1 Month-1.37%
3 Month-5.86%
6 Month-9.28%
12 Month-9.97%
2 Year-9.29%
3 Year-1.27%
5 Year22.36%
10 Year201.74%
15 Year362.24%
Volatility
ATR(14)2.9
ATR(20)%1.86%
ATR Inc-24.47%
Range Today1.34
ADR(20)2.89
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.95
Mansfield-1.37
10 Day High164.63
10 Day Low159.37
20 Day High169.87
20 Day Low159.37
52 Week High192.21
52 Week Low137.67
CS1 End162.44
CR1 Start163.72
Volume & EV
DER(3)0.16%
DER(5)-1.39%
Volume467.40K
Volume Incr-35.83%
Vol(5)296.74K
Vol(50)397.59K