EQUITY RESIDENTIAL (EQR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EQR - US29476L1070 - REIT
We assign a technical rating of 1 out of 10 to EQR. EQR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 74% of all other stocks performed better in the past year than EQR.
- EQR 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.
- EQR has an average volume of 2251920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EQR is part of the Residential REITs industry. There are 20 other stocks in this industry, EQR did better than 52% of them.
- In the last month EQR has a been trading in the 59.10 - 64.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EQR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 62.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.88, a Stop Loss order could be placed below this zone.
More info and screens
58.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 61.07 to 61.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.69 to 59.41. 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 62.71 to 64.40. 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 | DOWN | NEGATIVE | The long term trend for EQR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EQR is neutral. |
| ChartMill Relative Strength | 26.38 | NEGATIVE | EQR has a low relative strength, it was outperformed by 73.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EQR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EQR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EQR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.34 | NEUTRAL | The RSI value for EQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EQR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.17 | NEUTRAL | The Stochastics value for EQR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for EQR suggests low volalility. |
| Average Directional Index/ADX (14) | 12.46 | NEGATIVE | The low ADX value for EQR suggests a weak or negative trend. |
62.09
+1.13 (+1.85%)
EQUITY RESIDENTIAL / EQR FAQ
What is the technical rating for EQR stock?
ChartMill assigns a technical rating of 1 / 10 to EQR.
Can you provide the trend direction for EQUITY RESIDENTIAL?
The current trend direction for EQUITY RESIDENTIAL (EQR) is Bearish.
What is the RSI signal for EQUITY RESIDENTIAL (EQR) stock?
EQUITY RESIDENTIAL (EQR) has an RSI value of 53.3358. This indicates that the stock is currently neutral.
What is the MACD signal for EQR stock?
The MACD indicator for EQUITY RESIDENTIAL (EQR) has a value of -0.0274182, indicating a bearish trend.
Can you provide the support and resistance levels for EQUITY RESIDENTIAL?
EQUITY RESIDENTIAL (EQR) has a support level at 61.88 and a resistance level at 62.71. Check the full technical report for our detailed analysis of EQR support and resistance levels.