EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
USA - 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.
Besides having an excellent technical rating, EGP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 184.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 174.98, a Stop Loss order could be placed below this zone.
More info and screens
153.50
When analyzing the support we can see 5 important areas.
- A support zone ranging from 168.39 to 174.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @165.36 from a trend line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- Resistance @184.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 187.46 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 | 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 | 54.72 | 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) | 53.07 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests EGP has a negative trend. |
| Stochastics (14,3) | 54.54 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for EGP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.25 | NEUTRAL | The ADX value for EGP suggests a possible start of a new 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 |
|---|---|---|---|
| 178.60 | 172.86 | 5.73 (3.21%) | 25.00% |
| An entry @178.59. This is a Buy Stop order right above the 10 day moving average. | An exit @172.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.73 points, which is 3.21%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
175.65
+1.62 (+0.93%)
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 53.0725. 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 -0.380957, indicating a bearish trend.
What is the support and resistance level for EGP stock?
EASTGROUP PROPERTIES INC (EGP) has a support level at 174.98 and a resistance level at 184.01. Check the full technical report for our detailed analysis of EGP support and resistance levels.