EQUITY RESIDENTIAL (EQR) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EQR • US29476L1070
We assign a technical rating of 4 out of 10 to EQR. In the past year, EQR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, EQR is a bad performer in the overall market: 66% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- EQR is one of the better performing stocks in the Residential REITs industry, it outperforms 89% of 20 stocks in the same industry.
- In the last month EQR has a been trading in the 59.10 - 65.00 range, which is quite wide. It is currently trading near the high of this range.
- EQR has an average volume of 2393810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EQR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQR is lagging the market.
EQR has an average technical rating and it also does not offer a high quality setup 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
58.10
We found 3 important support areas.
- Support @64.01 from a horizontal line in the daily time frame.
- A support zone ranging from 61.78 to 62.56. 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 60.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.68 to 64.68. 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 | NEUTRAL | NEUTRAL | The long term trend for EQR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQR is up. |
| ChartMill Relative Strength | 34.89 | NEUTRAL | EQR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQR is above the rising 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 | MIXED | The current price of EQR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.19 | NEUTRAL | The RSI value for EQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests EQR has a positive trend. |
| Stochastics (14,3) | 71.15 | NEUTRAL | The Stochastics value for EQR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for EQR suggests some volalility. |
| Average Directional Index/ADX (14) | 11.91 | NEGATIVE | The low ADX value for EQR suggests a weak or negative trend. |
64.67
+0.78 (+1.22%)
EQUITY RESIDENTIAL / EQR FAQ
What is the technical rating for EQR stock?
ChartMill assigns a technical rating of 4 / 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 62.1936. 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 0.282552, indicating a bearish trend.
Can you provide the support and resistance levels for EQUITY RESIDENTIAL?
EQUITY RESIDENTIAL (EQR) has a support level at 64.01 and a resistance level at 64.68. Check the full technical report for our detailed analysis of EQR support and resistance levels.