EQUITY RESIDENTIAL (EQR) Technical Analysis
NYSE:EQR • US29476L1070
Current stock price
EQR Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to EQR. EQR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 75% of all other stocks performed better in the past year than EQR.
- 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.
- In the last month EQR has a been trading in the 58.08 - 63.47 range, which is quite wide. It is currently trading near the high of this range.
- EQR has an average volume of 2520720 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 63% 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.
EQR Weekly and Daily overview Charts
EQR Setup Rating and Analysis
EQR has an average technical rating and also the quality of the setup is only medium 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
EQR Support and Resistance Analysis
57.39
We found 3 important support areas.
- A support zone ranging from 60.49 to 61.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.91 from a horizontal line in the daily time frame.
- A support zone ranging from 57.97 to 57.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 63.74 to 65.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @66.89 from a horizontal line in the daily time frame.
EQR Technical Indicator Signal Analysis
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 | 25.02 | NEGATIVE | EQR has a low relative strength, it was outperformed by 74.98% off all stocks 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) | DOWN | MIXED | The current price of EQR is above 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) | 56.06 | NEUTRAL | The RSI value for EQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests EQR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.11 | NEUTRAL | The Stochastics value for EQR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for EQR suggests low volalility. |
| Average Directional Index/ADX (14) | 15.92 | NEGATIVE | The low ADX value for EQR suggests a weak or negative trend. |
EQR Chart- and CandleStick Pattern Analysis
EQR Technicals: Chart, Performance Metrics, Trend & Indicators
62.26
-0.39 (-0.62%)
EQUITY RESIDENTIAL / EQR TA 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 EQR stock?
EQUITY RESIDENTIAL (EQR) has an RSI value of 56.0591. This indicates that the stock is currently neutral.
What is the short term momentum for EQUITY RESIDENTIAL (EQR) stock?
The short term momentum for EQUITY RESIDENTIAL (EQR) is positive.
What are the support and resistance levels for EQUITY RESIDENTIAL (EQR) stock?
EQUITY RESIDENTIAL (EQR) has a support level at 61.89 and a resistance level at 63.74. Check the full technical report for our detailed analysis of EQR support and resistance levels.