Equity Financial Holding (EQI.CA) Stock Technical Analysis
TSX:EQI - Toronto Stock Exchange -
Overall EQI gets a technical rating of 9 out of 10. Both in the recent history as in the last year, EQI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: EQI has an average volume of 9398 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
EQI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EQI is leading the market.
EQI 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, EQI did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EQI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.51. Right above this resistance zone may be a good entry point.
More info and screens
9.59
10.62
When analyzing the support we notice one important area.
- A support zone ranging from 9.69 to 9.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.51 to 10.51. 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 EQI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQI.CA is up. |
| ChartMill Relative Strength | 83.11 | POSITIVE | EQI.CA has a high relative strength, it outperformed 83.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EQI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EQI.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.75 | OVERBOUGHT | The high RSI value suggests EQI.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EQI.CA has a negative trend. |
| Stochastics (14,3) | 69.29 | NEUTRAL | The Stochastics value for EQI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for EQI.CA suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 10.52 | 10.20 | 0.32 (3.04%) | 25.00% |
| An entry @10.52. This is a Buy Stop order right above the resistance zone. | An exit @10.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.32 points, which is 3.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
TSX:EQI (12/22/2017, 4:01:00 PM)
10.28
+0.06 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week0.59%
2 Weeks0.59%
1 Month5.44%
3 Month46.86%
6 Month22.38%
12 Month0.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.98%
ATR Inc-44.63%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.11
Mansfield-9.98
10 Day High10.4
10 Day Low10.21
20 Day High10.4
20 Day Low9.6
52 Week High10.4
52 Week Low6.85
CS1 End9.69
CR1 Start10.51
Volume & EV
DER(3)0%
DER(5)-0.21%
Volume100
Volume Incr-86.24%
Vol(5)2.69K
Vol(50)9.40K