EQUITY RESIDENTIAL (EQR) Stock Technical Analysis
USA - NYSE:EQR - US29476L1070 - REIT
We assign a technical rating of 0 out of 10 to EQR. EQR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, EQR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 59.43, a Stop Loss order could be placed below this zone.
More info and screens
58.10
We found 1 important support area.
- A support zone ranging from 58.69 to 59.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 63.14 to 63.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @65.66 from a trend line in the weekly time frame.
- A resistance zone ranging from 66.81 to 66.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 68.31 to 68.34. 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 | DOWN | NEGATIVE | The short term trend for EQR is down. |
| ChartMill Relative Strength | 20.25 | NEGATIVE | EQR has a low relative strength, it was outperformed by 79.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EQR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EQR is below a declining 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) | 40.57 | NEUTRAL | The RSI value for EQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests EQR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.23 | OVERSOLD | The low Stochastics value suggests EQR may be oversold. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for EQR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.96 | POSITIVE | The high ADX value value for EQR suggests a strong trend. |
59.71
+1.01 (+1.72%)
EQUITY RESIDENTIAL / EQR FAQ
What is the technical rating for EQR stock?
ChartMill assigns a technical rating of 0 / 10 to EQR.
What is the current trend direction of EQUITY RESIDENTIAL (EQR) stock?
The current trend direction for EQUITY RESIDENTIAL (EQR) is Bearish.
Can you provide the RSI signal for EQUITY RESIDENTIAL?
EQUITY RESIDENTIAL (EQR) has an RSI value of 40.5655. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EQUITY RESIDENTIAL?
The short term momentum for EQUITY RESIDENTIAL (EQR) is negative.
Can you provide the support and resistance levels for EQUITY RESIDENTIAL?
EQUITY RESIDENTIAL (EQR) has a support level at 59.43 and a resistance level at 63.14. Check the full technical report for our detailed analysis of EQR support and resistance levels.