EQ Technical Analysis - EQUILLIUM INC

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to EQ. In the last year, EQ was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month EQ has a been trading in the 1.34 - 2.35 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

EQ is part of the Biotechnology industry. There are 538 other stocks in this industry. EQ outperforms 97% of them.

EQ has an average volume of 9974910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, EQ did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big 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.

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

Although EQ has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.38

1.89

We found 1 important support area.

A support zone ranging from 1.39 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @1.87 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	98.56	POSITIVE	EQ has a high relative strength, it outperformed 98.56% 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	POSITIVE	The current price of EQ is above 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)	45.03	NEUTRAL	The RSI value for EQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests EQ has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.76	OVERSOLD	The low Stochastics value suggests EQ may be oversold.
Average True Range in percent/ATR (20)	15.96	HIGH VOLATILITY	The high ATR as a percentage value for EQ suggests high volalility.
Average Directional Index/ADX (14)	47.01	POSITIVE	The high ADX value value for EQ suggests a strong trend.