The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Equity Residential
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Move cursor over the icon to see details.

It was a third consecutive positive week for the Equity Residential (EQR). During the week, the EQR gained 0.77 points, or 1.21%, and closed at 64.60 on Friday, June 08, 2018. On Friday EQR has reached 64.82 - the highest level since December 22, 2017. EQR was trading at average weekly trading volume.

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. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (60.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EQR may retest the broken resistance line. It is considered to be a support 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 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 64.93 on June 5, 2018. EQR gained -9.96 points, or -18.12%, in 16 weeks. Price is near the trend high.

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. 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 May 18, 2018 at 59.29 and reached 64.93 on June 5, 2018. EQR gained -5.64 points, or -9.51%, in 18 days. The price is now at the 5.85% retracement level.

Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since May 25, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.02
Overbought
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.73
Overbought
Greed/Fear Indicator (GFI) 86.00
Overbought
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.93
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 71.99
Greed/Fear Indicator (GFI) 74.77
Moving Average Converg./Diverg. (MACD) -0.89
Trading Signals
Description Value Chart
Upper Bollinger Band 66.25
Price 64.60
Daily Stochastic Crossing 64.38
Weekly Stochastic Crossing 63.19
Parabolic System 62.88
20 Day Moving Average 62.30
50 Day Moving Average 62.04
Quarterly Trendline Resistance 60.74
Quarterly Trendline Support 60.19
Lower Bollinger Band 59.46
Sector and Industry
Description Name Rank
Sector Financial 6
Industry REIT - Residential 126
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.88
Low Date 06/07/2018
High 64.82
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.29
Low Date 05/18/2018
High 64.93
High Date 06/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.97
Low Date 02/12/2018
High 64.93
High Date 06/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 60.74
Support 60.19
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.

Copyright© 2004-2016 All rights reserved.