EQUINIX INC (EQIX) Stock Technical Analysis
NASDAQ:EQIX - Nasdaq - US29444U7000 - REIT - Currency: USD
Overall EQIX gets a technical rating of 5 out of 10. In the past year, EQIX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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.
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 68% of all stocks.
EQIX is an average performer in the Specialized REITs industry, it outperforms 62% of 30 stocks in the same industry.
EQIX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EQIX is lagging the market slightly.
Although the technical rating is only medium, EQIX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 868.51. Right above this resistance zone may be a good entry point.
More info and screens
758.54
923.47
When analyzing the support we notice one important area.
- A support zone ranging from 766.20 to 775.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 868.51 to 890.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @914.33 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 | UP | POSITIVE | The short term trend for EQIX is up. |
| ChartMill Relative Strength | 68.95 | 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 | MIXED | The current price of EQIX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.32 | NEUTRAL | The RSI value for EQIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.12 | NEGATIVE | The MACD value suggests EQIX has a negative trend. |
| Stochastics (14,3) | 58.93 | NEUTRAL | The Stochastics value for EQIX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for EQIX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for EQIX suggests a weak or negative 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)
866.5
+7.36 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg0.86%
1 Week-0.09%
2 Weeks0.64%
1 Month6.03%
3 Month-5.78%
6 Month-7.46%
12 Month13.1%
2 Year16.22%
3 Year26.11%
5 Year24.21%
10 Year223.24%
15 Year841.75%
Volatility
ATR(14)16.82
ATR(20)%2.09%
ATR Inc-6.01%
Range Today12.11
ADR(20)16.99
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.95
Mansfield-0.16
10 Day High883.76
10 Day Low837.37
20 Day High887.95
20 Day Low825
52 Week High994.03
52 Week Low701.41
CS1 End775.84
CR1 Start868.51
Volume & EV
DER(3)0.76%
DER(5)0.25%
Volume413.40K
Volume Incr-6.78%
Vol(5)501.08K
Vol(50)653.58K