Equity Financial Holding (EQI.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:EQI -
Taking everything into account, EQI scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- EQI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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
We found 1 important support 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. |
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 worst case loss on the trade is limited to 0.32 points, which is 3.04%. | For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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%)
Equity Financial Holding / EQI.CA FAQ
What is the technical rating for EQI stock?
ChartMill assigns a technical rating of 8 / 10 to EQI.CA.
What is the current trend direction of Equity Financial Holding (EQI.CA) stock?
The current trend direction for Equity Financial Holding (EQI.CA) is Bullish.
What is the RSI signal for EQI stock?
Equity Financial Holding (EQI.CA) has an RSI value of 71.7451. This indicates that the stock is currently overbought.
What is the buy/sell signal for EQI stock?
The buy/sell signal for Equity Financial Holding (EQI.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Equity Financial Holding (EQI.CA) stock?
Equity Financial Holding (EQI.CA) has a support level at 9.69 and a resistance level at 10.51. Check the full technical report for our detailed analysis of EQI.CA support and resistance levels.