EQIX Technical Analysis - EQUINIX INC

Technical Rating and Analysis

Taking everything into account, EQIX scores 5 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. EQIX was also a bad performer in the overall market in the last year.

72% of all other stocks performed better in the past year than EQIX.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

EQIX is part of the Specialized REITs industry. There are 30 other stocks in this industry. EQIX outperforms 82% of them.

In the last month EQIX has a been trading in the 766.29 - 832.15 range, which is quite wide. It is currently trading near the high of this range.

EQIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQIX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

EQIX has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

732.66

950.34

2 important support areas can be observed.

A support zone ranging from 756.69 to 801.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @740.06 from a horizontal line in the daily time frame.

5 important resistance areas can be observed.

A resistance zone ranging from 829.06 to 829.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @860.14 from a trend line in the weekly time frame.
Resistance @887.36 from a trend line in the daily time frame.
Resistance @921.02 from a horizontal line in the daily time frame.
Resistance @940.93 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for EQIX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EQIX is up.
ChartMill Relative Strength	28.65	NEGATIVE	EQIX has a low relative strength, it was outperformed by 71.35% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EQIX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EQIX is above the rising 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)	64.81	NEUTRAL	The RSI value for EQIX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.88	POSITIVE	The MACD value suggests EQIX has a positive trend.
Stochastics (14,3)	89.63	OVERBOUGHT	The high Stochastics value suggests EQIX may be overbought.
Average True Range in percent/ATR (20)	1.77	LOW VOLATILITY	The low ATR as a percentage value for EQIX suggests low volalility.
Average Directional Index/ADX (14)	17.64	NEGATIVE	The low ADX value for EQIX suggests a weak or negative trend.