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Research & Consulting Services Industry Stocks Technical Analysis - EFXArchive
- 12/13/2024 -
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Equifax Inc. (EFX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Equifax Inc. (EFX). During the week, the EFX gave back -1.02 points, or -0.38%, and closed at 265.80 on Friday, December 13, 2024. Weekly volume was 31% above average.
EFX is a member of Industrials Sector. Industrials 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 EFX long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 159.95 and reached 309.63 on September 16, 2024. EFX gained -149.68 points, or -93.58%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (288.32) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.
 Medium-term trend: [See EFX medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 309.63 and reached 241.20 on November 19, 2024. EFX lost 68.43 points, or 22.10%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (218.90) 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. EFX 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 medium-term trend.
 Weekly Technical Indicators: [See EFX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EFX short-term trend chart]
A short-term uptrend had started on November 19, 2024 at 241.20 and reached 268.90 on November 25, 2024. EFX gained -27.70 points, or -11.48%, in 6 days. The price is now at the 11.19% retracement level.
 Daily Technical Indicators: [See EFX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since November 22, 2024. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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