EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
USA - NYSE:EGP - US2772761019 - REIT
166.95 USD
-0.72 (-0.43%)
166.95 USD
0 (0%)
Overall EGP gets a technical rating of 2 out of 10. 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.
When comparing the yearly performance of all stocks, EGP is a bad performer in the overall market: 81% of all stocks are doing better.
EGP is part of the Diversified REITs industry. There are 129 other stocks in this industry, of which 67% are performing better than EGP.
In the last month EGP has a been trading in the 160.78 - 171.84 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 166.79, a Stop Loss order could be placed below this zone.
More info and screens
153.50
190.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 162.35 to 166.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 166.97 to 169.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 173.08 to 173.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @184.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 188.23 to 188.24. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for EGP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGP is neutral. |
| ChartMill Relative Strength | 19.14 | NEGATIVE | EGP has a low relative strength, it was outperformed by 80.86% off all stocks 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) | DOWN | MIXED | The current price of EGP is above 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) | 51.78 | NEUTRAL | The RSI value for EGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.12 | NEUTRAL | The Stochastics value for EGP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for EGP suggests low volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for EGP suggests a weak or negative 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)
166.95
-0.72 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.43%
1 Week-0.73%
2 Weeks-0.83%
1 Month3.12%
3 Month-2.36%
6 Month-7.21%
12 Month-10.96%
2 Year0.25%
3 Year15.66%
5 Year29.09%
10 Year208.14%
15 Year346.63%
Volatility
ATR(14)3.21
ATR(20)%1.97%
ATR Inc-3.23%
Range Today2
ADR(20)2.92
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.14
Mansfield-1.17
10 Day High171.84
10 Day Low163.1
20 Day High171.84
20 Day Low160.79
52 Week High192.21
52 Week Low137.67
CS1 End166.79
CR1 Start166.97
Volume & EV
DER(3)-1.31%
DER(5)1.9%
Volume393.40K
Volume Incr34.79%
Vol(5)459.34K
Vol(50)408.61K