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Specialized REITs Industry Stocks Technical Analysis - EQIX

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- 11/8/2024 -
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Equinix (EQIX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceTrend resistance at 923.62
Daily :Daily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe price touches the upper Bollinger Band
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It was a first positive week for the Equinix (EQIX). During the week, the EQIX gained 34.30 points, or 3.86%, and closed at 923.20 on Friday, November 8, 2024. It was the best weekly gain since September 13, 2024. Weekly volume was -11% below average.

Long-term trend: [See EQIX long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 494.89 and reached 943.02 on October 25, 2024. EQIX gained -448.13 points, or -90.55%, in 106 weeks. Price is near the trend high.

Medium-term trend: [See EQIX medium-term trend chart]
A medium-term uptrend had started on October 9, 2024 at 862.23 and reached 943.02 on October 25, 2024. EQIX gained -80.79 points, or -9.37%, in 2 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (923.62). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EQIX short-term trend chart]
A short-term uptrend had started on November 6, 2024 at 869.50 and reached 927.80 on November 8, 2024. EQIX gained -58.30 points, or -6.71%, in 2 days. The price is now at the 7.89% retracement level.

Daily Technical Indicators: [See EQIX 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.

A Parabolic SAR (stop and reversal) indicator (928.73) comes close to the price (923.20). It indicates that the trend is getting weaker. 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.

The price touches the upper Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.20
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 51.74
Greed/Fear Indicator (GFI) 61.10
Moving Average Converg./Diverg. (MACD) 9.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.03
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 78.45
Bearish
Greed/Fear Indicator (GFI) 75.43
Moving Average Converg./Diverg. (MACD) 21.58 Bearish
Trading Signals
Description Value Chart
Parabolic System 928.73
Upper Bollinger Band 925.85
Weekly Stochastic Crossing 924.87
Monthly Trendline Resistance 923.62
Price 923.20
Daily Stochastic Crossing 902.44
20 Day Moving Average 896.01
50 Day Moving Average 878.03
Monthly Trendline Support 872.74
Lower Bollinger Band 867.23
Sector and Industry
Description Name Rank
Sector Real Estate 6
Industry Specialized REITs 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 869.50
Low Date 11/06/2024
High 927.80
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 869.50
Low Date 11/06/2024
High 927.80
High Date 11/08/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 923.62
Support 872.74
Low 862.23
Low Date 10/09/2024
High 943.02
High Date 10/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 684.14
Low Date 05/08/2024
High 943.02
High Date 10/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 494.89
Low Date 10/13/2022
High 943.02
High Date 10/25/2024
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.