EQGP HOLDINGS LP (EQGP) Technical Analysis
NYSE:EQGP • US26885J1034
Current stock price
EQGP Technical Rating and Analysis
Taking everything into account, EQGP scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EQGP was also a bad performer in the overall market in the last year.
- 77% of all other stocks performed better in the past year than EQGP.
- EQGP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- EQGP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EQGP is lagging the market slightly.
- In the last month EQGP has a been trading in a tight range between 19.83 and 20.05.
EQGP Weekly and Daily overview Charts
EQGP Setup Rating and Analysis
EQGP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
EQGP Support and Resistance Analysis
19.66
We found 1 important support 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.
EQGP 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 | 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. |
EQGP Chart- and CandleStick Pattern Analysis
EQGP Technicals: Chart, Performance Metrics, Trend & Indicators
19.97
-0.03 (-0.15%)
EQGP HOLDINGS LP / EQGP TA FAQ
What is the technical rating for EQGP stock?
ChartMill assigns a technical rating of 4 / 10 to EQGP.
What is the current trend direction of EQGP HOLDINGS LP (EQGP) stock?
The current trend direction for EQGP HOLDINGS LP (EQGP) is Bearish.
What is the RSI signal for EQGP HOLDINGS LP (EQGP) stock?
EQGP HOLDINGS LP (EQGP) has an RSI value of 64.2216. This indicates that the stock is currently neutral.
What is the MACD signal for EQGP HOLDINGS LP (EQGP) stock?
The MACD indicator for EQGP HOLDINGS LP (EQGP) has a value of -0.094194, indicating a bearish trend.
What is the short term momentum for EQGP HOLDINGS LP (EQGP) stock?
The short term momentum for EQGP HOLDINGS LP (EQGP) is positive.