EQRX INC (EQRX) Stock Technical Analysis
NASDAQ:EQRX - Nasdaq - US26886C1071 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to EQRX. EQRX 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.
When comparing the yearly performance of all stocks, EQRX is a bad performer in the overall market: 75% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EQRX has an average volume of 3452320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EQRX is part of the Biotechnology industry. There are 556 other stocks in this industry, EQRX did better than 57% of them.
EQRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQRX is lagging the market.
In the last month EQRX has a been trading in the 2.01 - 2.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
EQRX 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
1.63
2.50
When analyzing the support we can see 6 important areas.
- A support zone ranging from 2.24 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.08 from a trend line in the daily time frame.
- A support zone ranging from 2.03 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.76 from a trend line in the weekly time frame.
- Support @1.72 from a trend line in the daily time frame.
- Support @1.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.47 to 2.48. 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 EQRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQRX is up. |
| ChartMill Relative Strength | 25.01 | NEGATIVE | EQRX has a low relative strength, it was outperformed by 74.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EQRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EQRX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for EQRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EQRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.54 | NEUTRAL | The Stochastics value for EQRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for EQRX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.63 | POSITIVE | The high ADX value value for EQRX 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)
2.34
-0.05 (-2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.09%
1 Week3.54%
2 Weeks11.43%
1 Month5.41%
3 Month4.46%
6 Month40.12%
12 Month-36.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.87%
ATR Inc28.83%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.01
Mansfield0.07
10 Day High2.63
10 Day Low2.01
20 Day High2.63
20 Day Low2.01
52 Week High3.86
52 Week Low1.58
CS1 End2.26
CR1 Start2.47
Volume & EV
DER(3)-3.4%
DER(5)-3.37%
Volume16.55M
Volume Incr83.82%
Vol(5)5.80M
Vol(50)3.45M