EQGP HOLDINGS LP (EQGP) Stock Technical Analysis
NYSE:EQGP - New York Stock Exchange, Inc. - US26885J1034
We assign a technical rating of 4 out of 10 to EQGP. In the past year, EQGP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
EQGP has only a medium technical rating, but it does show a decent setup pattern. 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 resistance zone just above the current price starting at 19.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.95, a Stop Loss order could be placed below this zone.
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19.66
When analyzing the support we notice one important area.
- A support zone ranging from 19.86 to 19.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.98 to 20.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.79 from a trend line 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 | DOWN | NEGATIVE | The long term trend for EQGP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQGP is up. |
| ChartMill Relative Strength | 23.39 | NEGATIVE | EQGP has a low relative strength, it was outperformed by 76.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EQGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EQGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.22 | NEUTRAL | The RSI value for EQGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EQGP has a negative trend. |
| Stochastics (14,3) | 68.18 | NEUTRAL | The Stochastics value for EQGP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for EQGP suggests low volalility. |
19.97
-0.03 (-0.15%)