EQUITY RESIDENTIAL (EQR) Stock Technical Analysis
NYSE:EQR - New York Stock Exchange, Inc. - US29476L1070 - REIT - Currency: USD
Overall EQR gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
84% of all other stocks performed better in the past year than EQR.
EQR is one of the lesser performing stocks in the Residential REITs industry. 68% of 20 stocks in the same industry do better.
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.
In the last month EQR has a been trading in the 61.71 - 68.51 range, which is quite wide. It is currently trading near the lows of this range.
EQR has an average volume of 2048360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EQR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
61.19
72.44
When analyzing the support we notice one important area.
- A support zone ranging from 61.81 to 62.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 65.34 to 67.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 70.14 to 70.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 71.63 to 71.72. 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 | 16.38 | NEGATIVE | EQR has a low relative strength, it was outperformed by 83.62% 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) | 35.7 | NEUTRAL | The RSI value for EQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests EQR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.06 | OVERSOLD | The low Stochastics value suggests EQR may be oversold. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for EQR suggests some volalility. |
| Average Directional Index/ADX (14) | 30.53 | POSITIVE | The high ADX value value for EQR suggests a strong 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)
62.7
+0.4 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.64%
1 Week-1.12%
2 Weeks-7.49%
1 Month-5.19%
3 Month-12.38%
6 Month-11.98%
12 Month-12.2%
2 Year-3.29%
3 Year-14.32%
5 Year11.07%
10 Year-12%
15 Year36.81%
Volatility
ATR(14)1.44
ATR(20)%2.04%
ATR Inc-45.45%
Range Today0.63
ADR(20)1.22
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.38
Mansfield-1.91
10 Day High67.48
10 Day Low61.71
20 Day High68.51
20 Day Low61.71
52 Week High78.83
52 Week Low59.41
CS1 End62.69
CR1 Start65.34
Volume & EV
DER(3)0.41%
DER(5)0.15%
Volume1.61M
Volume Incr-10.98%
Vol(5)1.90M
Vol(50)2.05M