EQT CORP (EQT) Technical Analysis
NYSE:EQT • US26884L1098
Overall EQT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EQT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that EQT is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, EQT also shows a nice and consistent pattern of rising prices.
- EQT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EQT is leading the market.
- In the last month EQT has a been trading in the 55.12 - 63.06 range, which is quite wide. It is currently trading near the high of this range.
- EQT has an average volume of 10042000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EQT is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 207 stocks in the same industry.
EQT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.20, a Stop Loss order could be placed below this zone.
More info and screens
48.70
We found 4 important support areas.
- A support zone ranging from 57.78 to 59.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.35 to 52.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.50 from a horizontal line in the daily time frame.
- Support @49.19 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.97 to 61.97. 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 | UP | POSITIVE | The long term trend for EQT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQT is up. |
| ChartMill Relative Strength | 79.43 | POSITIVE | EQT has a high relative strength, it outperformed 79.43% 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) | UP | POSITIVE | The current price of EQT is above the rising 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) | 66.1 | NEUTRAL | The RSI value for EQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests EQT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.5 | OVERBOUGHT | The high Stochastics value suggests EQT may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for EQT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.4 | POSITIVE | The high ADX value value for EQT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 61.98 | 57.62 | 4.36 (7.03%) | 14.22% |
| An entry @61.98. This is a Buy Stop order right above the resistance zone. | An exit @57.62. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.36 points, which is 7.03%. | When investing 14.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EQT Technicals: Chart, Performance Metrics, Trend & Indicators
61.96
+0.29 (+0.47%)
EQT CORP / EQT FAQ
What is the ChartMill technical rating of EQT CORP (EQT) stock?
ChartMill assigns a technical rating of 10 / 10 to EQT.
What is the current trend direction of EQT CORP (EQT) stock?
The current trend direction for EQT CORP (EQT) is Bullish.
What is the RSI signal for EQT CORP (EQT) stock?
EQT CORP (EQT) has an RSI value of 66.1033. 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 59.2 and a resistance level at 61.97. Check the full technical report for our detailed analysis of EQT support and resistance levels.