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Archive
- 3/21/2025 -
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Equity Residential (EQR) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the Equity Residential (EQR). During the week, the EQR gained 0.87 points, or 1.26%, and closed at 69.81 on Friday, March 21, 2025. Weekly volume was 9% above 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 price is now at the 34.35% retracement level.
 Medium-term trend: [See EQR medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 78.83 and reached 66.64 on January 10, 2025. EQR lost 12.19 points, or 15.46%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 64.25 and resistance is at 77.57. 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 downtrend had started on March 4, 2025 at 75.86 and reached 67.76 on March 14, 2025. EQR lost 8.10 points, or 10.68%, in 10 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 Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 daily MACD line is below its signal line since March 6, 2025. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (70.26) comes close to the price (69.81). 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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