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Archive
- 11/15/2024 -
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Equinix (EQIX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Equinix (EQIX). During the week, the EQIX dropped -25.80 points, or -2.79%, and closed at 897.40 on Friday, November 15, 2024. Weekly volume was -10% 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. The price is now at the 10.18% retracement level.
 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 Symmetric Triangle chart pattern. The trend support level is at 872.04 and resistance is at 920.19. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See EQIX weekly technical indicators chart]
Weekly technical indicators are neutral. 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 link to access Lane's Stochastic 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 downtrend had started on November 8, 2024 at 927.80 and reached 886.00 on November 15, 2024. EQIX lost 41.80 points, or 4.51%, in 7 days. The price is now at the 27.27% 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 below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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