EQUITY RESIDENTIAL (EQR)
US29476L1070 - REIT
We assign a technical rating of 8 out of 10 to EQR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EQR is only an average performer.
The long and short term trends are both positive. This is looking good!
EQR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EQR is leading the market.
In the last month EQR has a been trading in the 66.61 - 71.40 range, which is quite wide. It is currently trading near the high of this range.
EQR has an average volume of 1678180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EQR turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
EQR is part of the Residential REITs industry. There are 20 other stocks in this industry, EQR did better than 57% of them.
Besides having an excellent technical rating, EQR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 70.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.91, a Stop Loss order could be placed below this zone.
More info and screens
57.59
71.75
We found 5 important support areas.
- A support zone ranging from 67.35 to 69.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.27 from a trend line in the weekly time frame.
- A support zone ranging from 63.38 to 63.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 60.72 to 61.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 70.78 to 71.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.49
Mansfield0.1
10 Day High71.4
10 Day Low67.26
20 Day High71.4
20 Day Low66.61
52 Week High71.4
52 Week Low52.57
Performance
1 Week0.9%
2 Weeks5.33%
1 Month3.6%
3 Month8.64%
6 Month19.62%
12 Month9.2%
2 Year-9.72%
3 Year-15.88%
5 Year-10.29%
10 Year9.47%
15 Year194.88%
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)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)63.88
LBB66.73
UBB71.8
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 |
|---|---|---|---|
| 71.05 | 67.25 | 3.80 (5.35%) | 18.70% |
| An entry @71.05. This is a Buy Stop order right above the resistance zone. | An exit @67.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.80 points, which is 5.35%. | For a 1.00% total portfolio risk, you can invest 18.70% of your capital in this trade. |
- 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.
EQUITY RESIDENTIAL
NYSE:EQR (7/26/2024, 7:27:20 PM)
After market: 70.77 0 (0%)70.77
+1.25 (+1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg1.8%
1 Week0.9%
2 Weeks5.33%
1 Month3.6%
3 Month8.64%
6 Month19.62%
12 Month9.2%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.41
ATR(20)%1.8%
ATR Inc
Range Today1.6
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High71.4
10 Day Low67.26
20 Day High71.4
20 Day Low66.61
52 Week High71.4
52 Week Low52.57
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.42M
Volume Incr8.2%
Vol(5)1.71M
Vol(50)1.68M