EQRX INC (EQRX) Technical Analysis
NASDAQ:EQRX • US26886C1071
Current stock price
EQRX Technical Rating and Analysis
Taking everything into account, EQRX scores 6 out of 10 in our technical rating. 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.
- 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 an average performer in the Biotechnology industry, it outperforms 42% of 515 stocks in the same industry.
- 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 Weekly and Daily overview Charts
EQRX Setup Rating and Analysis
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.
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EQRX Support and Resistance Analysis
1.63
We found 6 important support 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.
We found 1 important resistance 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.
EQRX 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 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. |
EQRX Chart- and CandleStick Pattern Analysis
EQRX Technicals: Chart, Performance Metrics, Trend & Indicators
2.34
-0.05 (-2.09%)
EQRX INC / EQRX TA FAQ
What is the technical rating for EQRX stock?
ChartMill assigns a technical rating of 6 / 10 to EQRX.
Can you provide the trend direction for EQRX INC?
The current trend direction for EQRX INC (EQRX) is Bearish.
What is the RSI signal for EQRX INC (EQRX) stock?
EQRX INC (EQRX) has an RSI value of 55.6055. This indicates that the stock is currently neutral.
What is the MACD signal for EQRX INC (EQRX) stock?
The MACD indicator for EQRX INC (EQRX) has a value of 0.0240221, indicating a bearish trend.
What is the support and resistance level for EQRX stock?
EQRX INC (EQRX) has a support level at 2.26 and a resistance level at 2.47. Check the full technical report for our detailed analysis of EQRX support and resistance levels.