We assign a technical rating of 0 out of 10 to EQIX. EQIX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
EQIX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 734.39, a Stop Loss order could be placed below this zone.
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718.82
When analyzing the support we notice one important area.
- A support zone ranging from 726.08 to 734.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 734.41 to 741.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @821.43 from a trend line in the daily time frame.
- Resistance @841.15 from a trend line in the weekly time frame.
- Resistance @921.02 from a horizontal line in the daily 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 EQIX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EQIX is down. |
| ChartMill Relative Strength | 17.52 | NEGATIVE | EQIX has a low relative strength, it was outperformed by 82.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EQIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EQIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EQIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.4 | NEUTRAL | The RSI value for EQIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests EQIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.17 | NEUTRAL | The Stochastics value for EQIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for EQIX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.11 | POSITIVE | The high ADX value value for EQIX suggests a strong trend. |
734.4
-6.27 (-0.85%)
EQUINIX INC / EQIX FAQ
What is the ChartMill technical rating of EQUINIX INC (EQIX) stock?
ChartMill assigns a technical rating of 0 / 10 to EQIX.
What is the trend direction for EQIX stock?
The current trend direction for EQUINIX INC (EQIX) is Bearish.
What is the RSI signal for EQIX stock?
EQUINIX INC (EQIX) has an RSI value of 35.4002. This indicates that the stock is currently neutral.
What is the buy/sell signal for EQUINIX INC (EQIX) stock?
The buy/sell signal for EQUINIX INC (EQIX) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for EQUINIX INC?
EQUINIX INC (EQIX) has a support level at 734.39 and a resistance level at 734.41. Check the full technical report for our detailed analysis of EQIX support and resistance levels.