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Advanced TA SearchArchive
- 4/19/2024 -
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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 -16.05 points, or -2.10%, and closed at 748.00 on Friday, April 19, 2024. Weekly volume was 25% above average.
EQIX is a member of Real Estate Sector. Real Estate is the second most oversold 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 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 support line (763.25) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 EQIX medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 677.80 and reached 914.93 on March 4, 2024. EQIX gained -237.13 points, or -34.99%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (946.40) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EQIX may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See EQIX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 22, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 March 4, 2024 at 914.93 and reached 731.54 on April 18, 2024. EQIX lost 183.39 points, or 20.04%, in 45 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 728.07 and resistance is at 756.06. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See EQIX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since March 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (750.51) comes close to the price (748.00). 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.
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