EQUINIX INC (EQIX) Stock Technical Analysis
NASDAQ:EQIX - Nasdaq - US29444U7000 - REIT - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
81% of all other stocks performed better in the past year than EQIX.
EQIX is part of the Specialized REITs industry. There are 30 other stocks in this industry, of which 82% are performing better than EQIX.
EQIX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
EQIX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, EQIX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 778.29. Right above this resistance zone may be a good entry point.
More info and screens
732.66
950.34
2 important support areas can be observed.
- Support @756.69 from a horizontal line in the weekly time frame.
- A support zone ranging from 740.06 to 740.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 778.29 to 795.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 900.86 to 921.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @940.93 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 | 19.51 | NEGATIVE | EQIX has a low relative strength, it was outperformed by 80.49% 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) | 29.38 | OVERSOLD | The low RSI value suggests EQIX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -7.11 | NEGATIVE | The MACD value suggests EQIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.78 | NEUTRAL | The Stochastics value for EQIX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for EQIX suggests some volalility. |
| Average Directional Index/ADX (14) | 42.68 | POSITIVE | The high ADX value value for EQIX suggests a strong trend. |
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)
756.7
-2.19 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-0.29%
1 Week-3.85%
2 Weeks1.5%
1 Month-15.33%
3 Month-2.59%
6 Month-15.91%
12 Month-5.98%
2 Year-6.57%
3 Year7.53%
5 Year-3.66%
10 Year171.31%
15 Year709.22%
Volatility
ATR(14)32.03
ATR(20)%3.46%
ATR Inc-35.58%
Range Today15.5
ADR(20)24.03
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.51
Mansfield-1.96
10 Day High800.53
10 Day Low743.88
20 Day High910.6
20 Day Low710.52
52 Week High994.03
52 Week Low701.41
CS1 End756.69
CR1 Start778.29
Volume & EV
DER(3)0.17%
DER(5)0.44%
Volume587.30K
Volume Incr-26.3%
Vol(5)648.44K
Vol(50)672.77K