The Greedy Trader Weekly Analysis
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Number of records: 10
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Equity Residential
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Summary:
Weekly :Stochastic signal line moved below overbought areaPrice is near the Fibonacci 61.8% retracement levelBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the Equity Residential (EQR). During the week, the EQR dropped -1.37 points, or -2.07%, and closed at 64.89 on Friday, October 05, 2018. Weekly volume was -38% 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 68.58 on September 17, 2018. EQR gained -13.61 points, or -24.76%, in 31 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (67.01) 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 1, 2018 at 66.58 and reached 64.27 on October 4, 2018. EQR lost 2.31 points, or 3.47%, in 3 days. The price is now at the 26.84% retracement level.

Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 21, 2018. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 29.66
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 27.05
Bullish
Greed/Fear Indicator (GFI) 25.01
Moving Average Converg./Diverg. (MACD) -0.26 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.29
Williams' Percentage Range (W%R) 37.90
Lane's Stochastic (%D-Slow) 68.43
Greed/Fear Indicator (GFI) 60.03
Moving Average Converg./Diverg. (MACD) 1.09
Trading Signals
Description Value Chart
Upper Bollinger Band 68.73
Weekly Stochastic Crossing 67.02
Monthly Trendline Support 67.01
Monthly Trendline Resistance 66.96
50 Day Moving Average 66.79
20 Day Moving Average 66.72
Parabolic System 66.57
Price 64.89
Daily Stochastic Crossing 64.85
Lower Bollinger Band 63.88
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Residential 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 66.58
High Date 10/01/2018
Low 64.27
Low Date 10/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 68.58
High Date 09/17/2018
Low 64.27
Low Date 10/04/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 66.96
Support 67.01
Low 54.97
Low Date 02/12/2018
High 68.58
High Date 09/17/2018
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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