EQT CORP (EQT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EQT • US26884L1098
Taking everything into account, EQT scores 7 out of 10 in our technical rating. In the last year, EQT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- 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.
- Looking at the yearly performance, EQT did better than 70% of all other stocks. On top of that, EQT also shows a nice and consistent pattern of rising prices.
- EQT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EQT is lagging the market slightly.
- In the last month EQT has a been trading in the 49.26 - 58.27 range, which is quite wide. It is currently trading near the high of this range.
- EQT has an average volume of 9804170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EQT is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, EQT did better than 56% of them.
Although EQT has an excellent technical rating, it does not present a decent entry opportunity 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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48.69
When analyzing the support we can see 4 important areas.
- A support zone ranging from 54.79 to 55.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.85 to 53.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @50.50 from a horizontal line in the daily time frame.
- A support zone ranging from 49.18 to 49.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.44 to 61.18. 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 EQT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQT is up. |
| ChartMill Relative Strength | 70.17 | POSITIVE | EQT has a high relative strength, it outperformed 70.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EQT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EQT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.33 | NEUTRAL | The RSI value for EQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests EQT has a positive trend. |
| Stochastics (14,3) | 90.24 | OVERBOUGHT | The high Stochastics value suggests EQT may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for EQT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for EQT suggests a possible start of a new trend. |
57.73
+1.4 (+2.49%)
EQT CORP / EQT FAQ
What is the ChartMill technical rating of EQT CORP (EQT) stock?
ChartMill assigns a technical rating of 7 / 10 to EQT.
What is the current trend direction of EQT CORP (EQT) stock?
The current trend direction for EQT CORP (EQT) is Bearish.
What is the RSI signal for EQT CORP (EQT) stock?
EQT CORP (EQT) has an RSI value of 62.329. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EQT CORP?
The short term momentum for EQT CORP (EQT) is positive.
Can you provide the support and resistance levels for EQT CORP?
EQT CORP (EQT) has a support level at 55.42 and a resistance level at 60.44. Check the full technical report for our detailed analysis of EQT support and resistance levels.