EQT CORP (EQT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EQT • US26884L1098
Taking everything into account, EQT scores 5 out of 10 in our technical rating. In the last year, EQT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still 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.
- 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 9634030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, EQT outperforms 52% of them, which is more or less in line with the market.
- EQT is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, EQT did better than 44% of them.
- EQT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQT is lagging the market.
Although the technical rating is only medium, EQT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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48.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 55.16 to 55.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.85 from a horizontal line in the daily time frame.
- Support @51.32 from a trend line in the weekly 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 2 important areas.
- Resistance @57.29 from a trend line in the daily time frame.
- 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 | 52.04 | NEUTRAL | EQT is not amongst the best or worst performers 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) | 57.33 | NEUTRAL | The RSI value for EQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests EQT has a positive trend. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for EQT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for EQT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for EQT suggests a weak or negative trend. |
56.79
+1.46 (+2.64%)
EQT CORP / EQT FAQ
What is the ChartMill technical rating of EQT CORP (EQT) stock?
ChartMill assigns a technical rating of 5 / 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 57.3267. 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 55.87 and a resistance level at 57.29. Check the full technical report for our detailed analysis of EQT support and resistance levels.