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|It was the negative week for the Equity Residential (EQR). During the week, the EQR gave back -0.76 points, or -0.99%, and closed at 75.83 on Friday, May 10, 2019. Weekly volume was -51% below average. |
EQR is a member of Financial Sector. Financial is the most overbought sector. 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 uptrend had started on February 12, 2018 at 54.97 and reached 77.69 on May 1, 2019. EQR gained -22.72 points, or -41.33%, in 63 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 67.32 and resistance is at 80.64. 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 long-term trend.
Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 63.17 and reached 77.69 on May 1, 2019. EQR gained -14.52 points, or -22.99%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 73.84 and resistance is at 79.19. 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 above its signal line since January 25, 2019. 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 uptrend had started on May 9, 2019 at 73.85 and reached 76.12 on May 10, 2019. EQR gained -2.27 points, or -3.07%, in 1 days. The price is now at the 12.78% retracement level.
Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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.