EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EGP - US2772761019 - REIT
Taking everything into account, EGP scores 5 out of 10 in our technical rating. EGP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, EGP does present a nice setup opportunity. 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 support zone below the current price at 179.14, a Stop Loss order could be placed below this zone.
More info and screens
153.50
We found 5 important support areas.
- A support zone ranging from 173.11 to 179.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 168.21 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 one important area.
- A resistance zone ranging from 181.09 to 186.11. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 69.68 | NEUTRAL | EGP is not amongst the best or worst performers 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) | 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) | 52.11 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests EGP has a negative trend. |
| Stochastics (14,3) | 36.56 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for EGP suggests a weak or negative trend. |
180.96
-0.4 (-0.22%)
EASTGROUP PROPERTIES INC / EGP FAQ
What is the technical rating for EGP stock?
ChartMill assigns a technical rating of 5 / 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 52.1081. 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 -0.290217, indicating a bearish trend.
What is the support and resistance level for EGP stock?
EASTGROUP PROPERTIES INC (EGP) has a support level at 179.14 and a resistance level at 181.09. Check the full technical report for our detailed analysis of EGP support and resistance levels.