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Archive
- 11/15/2024 -
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Equity Residential (EQR) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the Equity Residential (EQR). During the week, the EQR gave back -0.02 points, or -0.03%, and closed at 73.51 on Friday, November 15, 2024. Weekly volume was -32% below average.
 Long-term trend: [See EQR long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 52.57 and reached 78.83 on September 16, 2024. EQR gained -26.26 points, or -49.95%, in 45 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 70.39 and resistance is at 80.31. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See EQR medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 78.83 and reached 68.93 on November 1, 2024. EQR lost 9.90 points, or 12.56%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 67.16 and resistance is at 75.11. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EQR 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 EQR short-term trend chart]
A short-term uptrend had started on November 1, 2024 at 68.93 and reached 74.78 on November 13, 2024. EQR gained -5.85 points, or -8.49%, in 12 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
6 |
| Industry |
REIT - Residential |
49 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
68.93 |
| Low Date |
11/01/2024 |
| High |
74.78 |
| High Date |
11/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
76.46 |
| High Date |
10/24/2024 |
| Low |
68.93 |
| Low Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
75.11 |
| Support |
67.16 |
| High |
78.83 |
| High Date |
09/16/2024 |
| Low |
68.93 |
| Low Date |
11/01/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
80.31 |
| Support |
70.39 |
| Low |
52.57 |
| Low Date |
11/01/2023 |
| High |
78.83 |
| High Date |
09/16/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
89.55 |
| High Date |
10/31/2019 |
| Low |
52.57 |
| Low Date |
11/01/2023 |
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