EASTGROUP PROPERTIES INC (EGP)       150.76  -5.99 (-3.82%)

150.76  -5.99 (-3.82%)

US2772761019 - REIT - After market: 150.76 0 (0%)

Technical Rating

0

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.



In the last month EGP has a been trading in the 147.32 - 164.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, EGP is a bad performer in the overall market: 69% of all stocks are doing better.
EGP is one of the lesser performing stocks in the Equity Real Estate Investment Trusts (REITs) industry. 68% of 216 stocks in the same industry do better.
EGP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -3.41% -7.90% -8.80% -27.38% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 31.97 137.47 - 229.84
EGP Weekly chart
EGP Daily chart

Support/Resistance Analysis


136.77

165.27
When analyzing the support we notice one important area.
  • A support zone ranging from 138.15 to 138.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 154.93 to 155.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 159.59 to 160.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @163.63 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

4

EGP has a poor technical rating and the quality of the setup is also only medium 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.


EGP Daily chart

EASTGROUP PROPERTIES INC150.76

NYSE:EGP (11/28/2022, 7:04:00 PM)-5.99 (-3.82%)

After market: 150.76 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Real Estate
GICS Industry Equity Real Estate Investment Trusts (REITs)
Performance
Today -3.82% 1 Week -3.48%
2 Weeks -6.13% 1 Month -3.41%
3 Month -7.9% 6 Month -8.8%
Volatility
ATR(14) 4.08 ATR(20)% 2.68%
ATR Inc -6.59% Range Today 6.08
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 31.97 Mansfield -1.02
10 Day High 160.21 10 Day Low 150.3
20 Day High 164.28 20 Day Low 147.32
52 Week High 229.84 52 Week Low 137.47
CS1 End 138.15 CR1 Start 154.93
Volume & EV
DER(3) 0.14% DER(5) 0.1%
Volume 171.50K Volume Incr -47.37%
Vol(5) 138.86K Vol(50) 292.17K

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