The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Equity Residential
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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 4 consecutive negative weeks for the Equity Residential (EQR). During the week, the EQR gained 2.99 points, or 4.63%, and closed at 67.55 on Friday, January 11, 2019. It was the best weekly gain since November 9, 2018. Weekly volume was -23% below average.

Long-term trend: [See EQR long-term trend chart]
A long-term downtrend had started on March 23, 2015 at 82.53 and reached 54.97 on February 12, 2018. EQR lost 27.56 points, or 33.39%, in 151 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (52.50) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on February 12, 2018 at 54.97 and reached 72.75 on December 6, 2018. EQR gained -17.78 points, or -32.34%, in 42 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.08 and resistance is at 74.54. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EQR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 28, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 December 26, 2018 at 63.17 and reached 67.78 on January 11, 2019. EQR gained -4.61 points, or -7.30%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.85
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 79.28
Greed/Fear Indicator (GFI) 60.93
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.86
Williams' Percentage Range (W%R) 52.70
Lane's Stochastic (%D-Slow) 47.10
Greed/Fear Indicator (GFI) 49.86
Moving Average Converg./Diverg. (MACD) 1.07
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 74.54
Upper Bollinger Band 70.42
50 Day Moving Average 67.93
Price 67.55
Daily Stochastic Crossing 67.25
Weekly Stochastic Crossing 66.74
20 Day Moving Average 66.61
Yearly Trendline Resistance 65.15
Quarterly Trendline Support 65.08
Parabolic System 63.84
Lower Bollinger Band 63.19
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Residential 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.41
Low Date 01/02/2019
High 67.78
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.17
Low Date 12/26/2018
High 67.78
High Date 01/11/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.75
High Date 12/06/2018
Low 63.17
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 74.54
Support 65.08
Low 54.97
Low Date 02/12/2018
High 72.75
High Date 12/06/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 65.15
Support 52.50
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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