The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
Number of records: 10
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Equinix (EQIX)

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Summary:
Weekly :Broken trend support linePrice is near the Fibonacci 61.8% retracement level
Daily :The price has risen above the Parabolic SARTrend resistance at 727.40The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Equinix (EQIX). During the week, the EQIX climbed 5.57 points, or 0.77%, and closed at 729.15 on Friday, May 26, 2023. Weekly volume was 34% above average.

Long-term trend: [See EQIX long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 885.10 and reached 494.89 on October 13, 2022. EQIX lost 390.21 points, or 44.09%, in 57 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See EQIX medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 661.66 and reached 752.63 on May 10, 2023. EQIX gained -90.97 points, or -13.75%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (733.22) 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 medium-term trend.

Weekly Technical Indicators: [See EQIX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 21, 2023. 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 EQIX short-term trend chart]
A short-term downtrend had started on May 10, 2023 at 752.63 and reached 672.88 on May 24, 2023. EQIX lost 79.75 points, or 10.60%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (727.40). 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 short-term trend.

Daily Technical Indicators: [See EQIX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 16, 2023. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.25
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 35.14
Greed/Fear Indicator (GFI) 44.03
Moving Average Converg./Diverg. (MACD) 2.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.28
Williams' Percentage Range (W%R) 44.70
Lane's Stochastic (%D-Slow) 75.43
Greed/Fear Indicator (GFI) 61.39
Moving Average Converg./Diverg. (MACD) 13.43
Trading Signals
Description Value Chart
Monthly Trendline Resistance 765.85
Upper Bollinger Band 754.42
Monthly Trendline Support 733.22
Weekly Stochastic Crossing 730.95
Price 729.15
Weekly Trendline Resistance 727.40
20 Day Moving Average 722.90
50 Day Moving Average 709.89
Daily Stochastic Crossing 696.45
Lower Bollinger Band 680.89
Parabolic System 672.21
Weekly Trendline Support 658.68
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 672.88
Low Date 05/24/2023
High 737.72
High Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 727.40
Support 658.68
High 752.63
High Date 05/10/2023
Low 672.88
Low Date 05/24/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 765.85
Support 733.22
Low 661.66
Low Date 03/24/2023
High 752.63
High Date 05/10/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 494.89
Low Date 10/13/2022
High 762.51
High Date 02/02/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 885.10
High Date 09/03/2021
Low 494.89
Low Date 10/13/2022
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.

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