EQ Technical Analysis - EQUILLIUM INC

Technical Rating and Analysis

Taking everything into account, EQ scores 6 out of 10 in our technical rating. In the last year, EQ was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

EQ is part of the Biotechnology industry. There are 534 other stocks in this industry. EQ outperforms 94% of them.

EQ has an average volume of 1755220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that EQ is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

EQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQ is lagging the market.

In the last month EQ has a been trading in the 1.17 - 1.64 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

EQ has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.21

1.85

When analyzing the support we notice one important area.

Support @1.22 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.29 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.46 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.83 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 EQ is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for EQ is neutral.
ChartMill Relative Strength	97.03	POSITIVE	EQ has a high relative strength, it outperformed 97.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EQ is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of EQ is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EQ is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.69	NEUTRAL	The RSI value for EQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests EQ has a negative trend.
Stochastics (14,3)	44.12	NEUTRAL	The Stochastics value for EQ is a neutral value.
Average True Range in percent/ATR (20)	9.89	HIGH VOLATILITY	The high ATR as a percentage value for EQ suggests high volalility.
Average Directional Index/ADX (14)	19.56	NEGATIVE	The low ADX value for EQ suggests a weak or negative trend.