The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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Equity Residential
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtMACD bearish divergencePrice is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the pricePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Equity Residential (EQR). During the week, the EQR gave back -0.29 points, or -0.45%, and closed at 64.50 on Friday, July 13, 2018. Weekly volume was -11% below average.

Long-term trend: [See EQR long-term trend chart]
A long-term downtrend had started on November 9, 2017 at 70.46 and reached 54.97 on February 12, 2018. EQR lost 15.49 points, or 21.98%, in 13 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on February 12, 2018 at 54.97 and reached 65.48 on July 13, 2018. EQR gained -10.51 points, or -19.12%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 62.50 and resistance is at 65.73. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EQR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 29, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EQR short-term trend chart]
A short-term uptrend had started on June 20, 2018 at 61.67 and reached 65.48 on July 13, 2018. EQR gained -3.81 points, or -6.18%, in 23 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 3, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (64.21) comes close to the price (64.50). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.55
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 84.47
Overbought
Greed/Fear Indicator (GFI) 80.07
Overbought
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.34
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 77.58
Greed/Fear Indicator (GFI) 76.39
Moving Average Converg./Diverg. (MACD) -0.24 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 65.73
Upper Bollinger Band 65.73
Daily Stochastic Crossing 65.14
Price 64.50
Parabolic System 64.21
Weekly Stochastic Crossing 64.01
20 Day Moving Average 63.65
50 Day Moving Average 62.96
Monthly Trendline Support 62.50
Lower Bollinger Band 62.14
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Residential 141
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 62.60
Low Date 06/28/2018
High 65.48
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.67
Low Date 06/20/2018
High 65.48
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 65.73
Support 62.50
Low 54.97
Low Date 02/12/2018
High 65.48
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.46
High Date 11/09/2017
Low 54.97
Low Date 02/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.53
High Date 03/23/2015
Low 54.97
Low Date 02/12/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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