EQUITY BANCSHARES INC - CL A (EQBK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EQBK - US29460X1090 - Common Stock
Taking everything into account, EQBK scores 7 out of 10 in our technical rating. Although EQBK 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, EQBK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.43, a Stop Loss order could be placed below this zone.
More info and screens
37.60
We found 4 important support areas.
- A support zone ranging from 43.69 to 45.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.13 from a horizontal line in the daily time frame.
- Support @39.96 from a horizontal line in the weekly time frame.
- Support @37.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.83 to 47.51. 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 EQBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQBK is up. |
| ChartMill Relative Strength | 70.72 | POSITIVE | EQBK has a high relative strength, it outperformed 70.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EQBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EQBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EQBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for EQBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests EQBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.39 | NEUTRAL | The Stochastics value for EQBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for EQBK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.2 | NEUTRAL | The ADX value for EQBK 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 |
|---|---|---|---|
| 47.52 | 44.22 | 3.30 (6.94%) | 14.41% |
| An entry @47.52. This is a Buy Stop order right above the resistance zone. | An exit @44.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.30 points, which is 6.94%. | When investing 14.41% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
45.74
-0.95 (-2.03%)
EQUITY BANCSHARES INC - CL A / EQBK FAQ
Can you provide the ChartMill technical rating for EQUITY BANCSHARES INC - CL A?
ChartMill assigns a technical rating of 7 / 10 to EQBK.
What is the trend direction for EQBK stock?
The current trend direction for EQUITY BANCSHARES INC - CL A (EQBK) is Bullish.
What is the RSI signal for EQUITY BANCSHARES INC - CL A (EQBK) stock?
EQUITY BANCSHARES INC - CL A (EQBK) has an RSI value of 54.8293. This indicates that the stock is currently neutral.
What is the short term momentum for EQUITY BANCSHARES INC - CL A (EQBK) stock?
The short term momentum for EQUITY BANCSHARES INC - CL A (EQBK) is positive.
Can you provide the buy/sell signal for EQUITY BANCSHARES INC - CL A?
The buy/sell signal for EQUITY BANCSHARES INC - CL A (EQBK) is buy as both the short term and long term trends are positive.