The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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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.

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- 2/16/2024 -
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Equinix (EQIX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceBearish Harami Candlestick
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It was a fourth consecutive positive week for the Equinix (EQIX). During the week, the EQIX climbed 0.47 points, or 0.05%, and closed at 856.23 on Friday, February 16, 2024. Weekly volume was 54% 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. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (732.88) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See EQIX medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 677.80 and reached 881.80 on February 15, 2024. EQIX gained -204.00 points, or -30.10%, in 16 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (788.51) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 EQIX 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 November 17, 2023. 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 January 18, 2024 at 787.84 and reached 881.80 on February 15, 2024. EQIX gained -93.96 points, or -11.93%, in 28 days. The price is now at the 27.21% retracement level.

Daily Technical Indicators: [See EQIX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since February 14, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Candlestick pattern: [See EQIX candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.07
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 51.94
Bearish
Greed/Fear Indicator (GFI) 63.05
Moving Average Converg./Diverg. (MACD) 11.35 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.13
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 77.11
Bearish
Greed/Fear Indicator (GFI) 75.35
Moving Average Converg./Diverg. (MACD) 17.57
Trading Signals
Description Value Chart
Upper Bollinger Band 877.99
Weekly Stochastic Crossing 861.67
Price 856.23
Daily Stochastic Crossing 851.71
20 Day Moving Average 834.73
Parabolic System 825.46
Monthly Trendline Resistance 825.12
50 Day Moving Average 816.04
Yearly Trendline Resistance 802.79
Lower Bollinger Band 795.68
Monthly Trendline Support 788.51
Yearly Trendline Support 732.88
Sector and Industry
Description Name Rank
Sector Real Estate 4
Industry Specialized REITs 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 787.84
Low Date 01/18/2024
High 881.80
High Date 02/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 786.57
Low Date 01/05/2024
High 881.80
High Date 02/15/2024
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 825.12
Support 788.51
Low 677.80
Low Date 10/25/2023
High 881.80
High Date 02/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 494.89
Low Date 10/13/2022
High 881.80
High Date 02/15/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 802.79
Support 732.88
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.