EQUITY RESIDENTIAL (EQR) Stock Technical Analysis
NYSE:EQR - New York Stock Exchange, Inc. - US29476L1070 - REIT - Currency: USD
Taking everything into account, EQR scores 1 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
61% of all other stocks performed better in the past year than EQR.
In the last month EQR has a been trading in the 65.19 - 70.21 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EQR has an average volume of 2014580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EQR is an average performer in the Residential REITs industry, it outperforms 68% of 20 stocks in the same industry.
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.
Volume is considerably higher in the last couple of days.
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 65.32, a Stop Loss order could be placed below this zone.
More info and screens
63.15
75.77
2 important support areas can be observed.
- A support zone ranging from 65.03 to 65.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @63.79 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 68.02 to 72.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.17 to 75.02. 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 | 39.69 | NEUTRAL | EQR is not amongst the best or worst performers 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) | UP | MIXED | The current price of EQR is below 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) | 43.95 | NEUTRAL | The RSI value for EQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests EQR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.65 | NEUTRAL | The Stochastics value for EQR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for EQR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for EQR suggests a possible start of a new 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)
67.49
+0.14 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.21%
1 Week-2.27%
2 Weeks-2.02%
1 Month-3.78%
3 Month5.8%
6 Month-4.81%
12 Month-0.56%
2 Year2.3%
3 Year-6.55%
5 Year14.74%
10 Year-3.82%
15 Year62.08%
Volatility
ATR(14)1.36
ATR(20)%2.02%
ATR Inc-13.66%
Range Today1.3
ADR(20)1.29
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.69
Mansfield-1.17
10 Day High69.87
10 Day Low65.19
20 Day High70.21
20 Day Low65.19
52 Week High78.83
52 Week Low59.41
CS1 End65.32
CR1 Start68.16
Volume & EV
DER(3)1.08%
DER(5)1.11%
Volume2.41M
Volume Incr62.87%
Vol(5)2.88M
Vol(50)2.01M