EQUINIX INC (EQIX) Stock Technical Analysis
NASDAQ:EQIX • US29444U7000
Overall EQIX gets a technical rating of 8 out of 10. Although EQIX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 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 85% of 28 stocks in the same industry.
- EQIX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EQIX is lagging the market slightly.
- EQIX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, EQIX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
EQIX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
738.07
We found 3 important support areas.
- Support @819.64 from a trend line in the daily time frame.
- A support zone ranging from 791.26 to 805.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 956.20 to 957.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 65.34 | NEUTRAL | EQIX is not amongst the best or worst performers 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) | 70.36 | OVERBOUGHT | The high RSI value suggests EQIX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.59 | POSITIVE | The MACD value suggests EQIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.51 | NEUTRAL | The Stochastics value for EQIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for EQIX suggests some volalility. |
| Average Directional Index/ADX (14) | 35.08 | POSITIVE | The high ADX value value for EQIX suggests a strong trend. |
928.11
+10.08 (+1.1%)
EQUINIX INC / EQIX FAQ
What is the ChartMill technical rating of EQUINIX INC (EQIX) stock?
ChartMill assigns a technical rating of 8 / 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 70.3559. This indicates that the stock is currently overbought.
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 819.64 and a resistance level at 956.2. Check the full technical report for our detailed analysis of EQIX support and resistance levels.