EQUINIX INC (EQIX) Technical Analysis
NASDAQ:EQIX • US29444U7000
Current stock price
EQIX Technical Rating and Analysis
Overall EQIX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, EQIX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- EQIX is one of the better performing stocks in the Specialized REITs industry, it outperforms 81% of 28 stocks in the same industry.
- EQIX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EQIX is leading the market.
- In the last month EQIX has a been trading in the 911.40 - 990.98 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Looking at the yearly performance, EQIX did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
EQIX Weekly and Daily overview Charts
EQIX Setup Rating and Analysis
Besides having an excellent technical rating, EQIX also presents a decent setup pattern. 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 976.89. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EQIX Support and Resistance Analysis
738.07
We found 4 important support areas.
- A support zone ranging from 937.19 to 937.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @850.22 from a trend line in the daily time frame.
- Support @803.28 from a horizontal line in the daily time frame.
- A support zone ranging from 745.53 to 756.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 976.89 to 984.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
EQIX 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 | UP | POSITIVE | The long term trend for EQIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQIX is up. |
| ChartMill Relative Strength | 83.41 | POSITIVE | EQIX has a high relative strength, it outperformed 83.41% 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) | UP | POSITIVE | The current price of EQIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.89 | NEUTRAL | The RSI value for EQIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.1 | NEGATIVE | The MACD value suggests EQIX has a negative trend. |
| Stochastics (14,3) | 83.65 | OVERBOUGHT | The high Stochastics value suggests EQIX may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for EQIX suggests some volalility. |
| Average Directional Index/ADX (14) | 35.13 | POSITIVE | The high ADX value value for EQIX suggests a strong trend. |
EQIX Chart- and CandleStick Pattern Analysis
EQIX Example Setup
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 |
|---|---|---|---|
| 984.48 | 937.18 | 47.30 (4.80%) | 20.81% |
| An entry @984.48. This is a Buy Stop order right above the resistance zone. | An exit @937.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 47.30 points, which is 4.80%. | For a 1.00% total portfolio risk, you can invest 20.81% 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.
EQIX Technicals: Chart, Performance Metrics, Trend & Indicators
973.56
-3.32 (-0.34%)
EQUINIX INC / EQIX TA FAQ
What is the ChartMill technical rating of EQUINIX INC (EQIX) stock?
ChartMill assigns a technical rating of 9 / 10 to EQIX.
Can you provide the trend direction for EQUINIX INC?
The current trend direction for EQUINIX INC (EQIX) is Bullish.
Can you provide the RSI signal for EQUINIX INC?
EQUINIX INC (EQIX) has an RSI value of 64.8872. This indicates that the stock is currently neutral.
What is the short term momentum for EQIX stock?
The short term momentum for EQUINIX INC (EQIX) is positive.
Can you provide the support and resistance levels for EQUINIX INC?
EQUINIX INC (EQIX) has a support level at 937.19 and a resistance level at 976.89. Check the full technical report for our detailed analysis of EQIX support and resistance levels.