The Greedy Trader Weekly Analysis
Sign In Jan 12, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 1/5/2018
Sign In to see current Signals.
Equity Residential
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldMACD bullish divergenceBullish Doji Candlestick
Move cursor over the icon to see details.

It was the negative week for the Equity Residential (EQR). During the week, the EQR dropped -1.08 points, or -1.69%, and closed at 62.69 on Friday, January 05, 2018. EQR was trading at average weekly trading volume.

EQR is a member of REIT - Residential Industry. REIT - Residential is the second most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EQR long-term trend chart]
A long-term downtrend had started on March 23, 2015 at 82.53 and reached 58.28 on November 18, 2016. EQR lost 24.25 points, or 29.38%, in 86 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 55.02 and resistance is at 82.03. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on November 18, 2016 at 58.28 and reached 70.46 on November 9, 2017. EQR gained -12.18 points, or -20.90%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (65.84) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EQR may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See EQR weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 24, 2017. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EQR short-term trend chart]
A short-term downtrend had started on December 28, 2017 at 64.38 and reached 62.52 on January 5, 2018. EQR lost 1.86 points, or 2.89%, in 8 days. The price is now at the 9.14% retracement level.

Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since November 16, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Candlestick pattern: [See EQR candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.02
Williams' Percentage Range (W%R) 95.80
Strong Oversold
Lane's Stochastic (%D-Slow) 18.52
Oversold
Greed/Fear Indicator (GFI) 16.23
Oversold
Moving Average Converg./Diverg. (MACD) -0.89 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.12
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 11.14
Oversold
Greed/Fear Indicator (GFI) 18.85
Oversold
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 72.90
Upper Bollinger Band 66.63
50 Day Moving Average 66.56
Quarterly Trendline Support 65.84
Parabolic System 64.90
20 Day Moving Average 64.49
Weekly Stochastic Crossing 63.27
Daily Stochastic Crossing 62.85
Monthly Trendline Resistance 62.85
Price 62.69
Lower Bollinger Band 62.34
Monthly Trendline Support 61.42
Yearly Trendline Support 55.02
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Residential 2
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.38
High Date 12/28/2017
Low 62.52
Low Date 01/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.62
High Date 12/13/2017
Low 62.52
Low Date 01/05/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 62.85
Support 61.42
High 70.46
High Date 11/09/2017
Low 62.52
Low Date 01/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 72.90
Support 65.84
Low 58.28
Low Date 11/18/2016
High 70.46
High Date 11/09/2017
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 82.03
Support 55.02
High 82.53
High Date 03/23/2015
Low 58.28
Low Date 11/18/2016
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.

Copyright© 2004-2016 All rights reserved.