EQUINIX INC (EQIX) Stock Technical Analysis
NASDAQ:EQIX - US29444U7000 - REIT
786.35 USD
-4.21 (-0.53%)
786.35 USD
0 (0%)
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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, EQIX is a bad performer in the overall market: 83% of all stocks are doing better.
EQIX is part of the Specialized REITs industry. There are 30 other stocks in this industry, of which 68% are performing better than EQIX.
EQIX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month EQIX has a been trading in a tight range between 765.00 and 794.00.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EQIX does present a nice setup opportunity. 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 790.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 766.21, a Stop Loss order could be placed below this zone.
More info and screens
732.66
950.34
2 important support areas can be observed.
- A support zone ranging from 756.69 to 766.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 740.06 to 740.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 790.07 to 811.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 881.73 to 881.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @921.02 from a horizontal line in the daily time frame.
- Resistance @940.93 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 | DOWN | NEGATIVE | The long term trend for EQIX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EQIX is neutral. |
| ChartMill Relative Strength | 17.2 | NEGATIVE | EQIX has a low relative strength, it was outperformed by 82.8% 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) | DOWN | NEGATIVE | The current price of EQIX is below a declining 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) | 50.83 | NEUTRAL | The RSI value for EQIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.44 | POSITIVE | The MACD value suggests EQIX has a positive trend. |
| Stochastics (14,3) | 73.22 | NEUTRAL | The Stochastics value for EQIX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for EQIX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.26 | 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)
786.35
-4.21 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-0.53%
1 Week1.83%
2 Weeks1.42%
1 Month0.15%
3 Month-11.53%
6 Month-13.07%
12 Month-5.75%
2 Year0.64%
3 Year19.62%
5 Year-0.43%
10 Year191.49%
15 Year762.13%
Volatility
ATR(14)13
ATR(20)%1.67%
ATR Inc-24.69%
Range Today8.29
ADR(20)12.3
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.2
Mansfield-1.79
10 Day High793.86
10 Day Low765.46
20 Day High794
20 Day Low765
52 Week High994.03
52 Week Low701.41
CS1 End766.21
CR1 Start790.07
Volume & EV
DER(3)0.71%
DER(5)0.42%
Volume336.90K
Volume Incr-17.49%
Vol(5)381.04K
Vol(50)649.96K