EQUINIX INC (EQIX) Stock Technical Analysis
NASDAQ:EQIX - Nasdaq - US29444U7000 - REIT - Currency: USD
We assign a technical rating of 8 out of 10 to EQIX. In the last year, EQIX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EQIX is one of the better performing stocks in the market, outperforming 76% of all stocks.
EQIX is one of the better performing stocks in the Specialized REITs industry, it outperforms 75% of 30 stocks in the same industry.
In the last month EQIX has a been trading in the 855.03 - 924.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
Besides having an excellent technical rating, EQIX also presents a decent setup pattern. 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 support zone below the current price at 859.13, a Stop Loss order could be placed below this zone.
More info and screens
758.54
950.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 856.09 to 859.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @781.34 from a trend line in the weekly time frame.
- Support @766.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 890.01 to 921.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 76.86 | POSITIVE | EQIX has a high relative strength, it outperformed 76.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EQIX is below 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) | 52.14 | NEUTRAL | The RSI value for EQIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.51 | NEGATIVE | The MACD value suggests EQIX has a negative trend. |
| Stochastics (14,3) | 27.71 | NEUTRAL | The Stochastics value for EQIX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for EQIX suggests low volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for EQIX suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 898.36 | 882.08 | 16.28 (1.81%) | 25.00% |
| An entry @898.36. This is a Buy Stop order right above the 10 day moving average. | An exit @882.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 16.28 points, which is 1.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.45%. |
- The distance between exit and entry is rather small compared to the average daily movement of EQIX. Please evaluate whether better entry and exit points can be found.
- 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.
886.85
+0.09 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg0.01%
1 Week-0.77%
2 Weeks-2.78%
1 Month1.25%
3 Month6.26%
6 Month-4.35%
12 Month15.93%
2 Year13.13%
3 Year34.98%
5 Year26.28%
10 Year249.15%
15 Year991.91%
Volatility
ATR(14)14.8
ATR(20)%1.72%
ATR Inc-16.18%
Range Today10.69
ADR(20)14.68
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.86
Mansfield-0.22
10 Day High924.88
10 Day Low882.09
20 Day High924.88
20 Day Low855.03
52 Week High994.03
52 Week Low701.41
CS1 End859.13
CR1 Start890.01
Volume & EV
DER(3)-1.48%
DER(5)-0.46%
Volume550.20K
Volume Incr10.32%
Vol(5)539.24K
Vol(50)527.15K