EQUINIX INC (EQIX) Stock Technical Analysis
USA - NASDAQ:EQIX - US29444U7000 - REIT
We assign a technical rating of 1 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 poor technical rating and the quality of the setup is also only medium 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.
More info and screens
732.66
We found 2 important support areas.
- A support zone ranging from 756.69 to 784.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @740.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 804.03 to 852.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @873.54 from a trend line in the daily time frame.
- Resistance @921.02 from a horizontal line in the daily time frame.
- Resistance @940.25 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 | NEUTRAL | NEUTRAL | The long term trend for EQIX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EQIX is down. |
| ChartMill Relative Strength | 28.01 | NEGATIVE | EQIX has a low relative strength, it was outperformed by 71.99% 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) | UP | MIXED | The current price of EQIX is below 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) | 38.61 | NEUTRAL | The RSI value for EQIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.92 | NEGATIVE | The MACD value suggests EQIX has a negative trend. |
| Stochastics (14,3) | 16.53 | OVERSOLD | The low Stochastics value suggests EQIX may be oversold. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for EQIX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.08 | NEGATIVE | The low ADX value for EQIX suggests a weak or negative trend. |
785.57
-0.97 (-0.12%)
EQUINIX INC / EQIX FAQ
What is the ChartMill technical rating of EQUINIX INC (EQIX) stock?
ChartMill assigns a technical rating of 1 / 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 38.6081. This indicates that the stock is currently neutral.
What are the support and resistance levels for EQUINIX INC (EQIX) stock?
EQUINIX INC (EQIX) has a support level at 784.94 and a resistance level at 804.03. Check the full technical report for our detailed analysis of EQIX support and resistance levels.