Logo image of EQRX

EQRX INC (EQRX) Stock Technical Analysis

NASDAQ:EQRX - Nasdaq - US26886C1071 - Common Stock - Currency: USD

2.34  -0.05 (-2.09%)

After market: 2.39 +0.05 (+2.14%)

Technical Rating and Analysis

6

Taking everything into account, EQRX scores 6 out of 10 in our technical rating. In the last year, EQRX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

75% of all other stocks performed better in the past year than EQRX.
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 60% 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.
Weekly and Daily overview Charts
EQRX INC / EQRX Weekly stock chart
EQRX INC / EQRX Daily stock chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

1.63

2.50

6 important support areas can be observed.

  • 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for EQRX is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for EQRX is up.
ChartMill Relative Strength25.01NEGATIVEEQRX has a low relative strength, it was outperformed by 74.99% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of EQRX is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of EQRX is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of EQRX is above a declining SMA(200).
Relative Strength Index/RSI (14)55.61NEUTRALThe RSI value for EQRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests EQRX has a positive trend, although the MACD value is declining.
Stochastics (14,3)58.54NEUTRALThe Stochastics value for EQRX is a neutral value.
Average True Range in percent/ATR (20)4.87MEDIUM VOLATILITYThe ATR as a percentage value for EQRX suggests some volalility.
Average Directional Index/ADX (14)26.63POSITIVEThe high ADX value value for EQRX suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
EQRX INC / EQRX Daily stock chart

EQRX INC

NASDAQ:EQRX (11/8/2023, 8:00:02 PM)

After market: 2.39 +0.05 (+2.14%)

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