The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 7/17/2026 -
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Equity Residential (EQR) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Dark Cloud Cover CandlestickPrice is near the Fibonacci 61.8% retracement level
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It was a first positive week for the Equity Residential (EQR). During the week, the EQR climbed 0.31 points, or 0.45%, and closed at 69.00 on Friday, July 17, 2026. EQR was trading at average weekly trading volume.

EQR is a member of Real Estate Sector. Real Estate is the most overbought 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 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 Symmetric Triangle chart pattern. The uptrend resistance line (59.11) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line 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 57.57 on March 20, 2026. EQR lost 21.26 points, or 26.97%, in 78 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (56.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EQR may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EQR 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. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 10, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. 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 July 9, 2026 at 67.97 and reached 70.75 on July 17, 2026. EQR gained -2.78 points, or -4.09%, in 8 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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

Candlestick pattern: [See EQR candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.94
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 35.12
Greed/Fear Indicator (GFI) 57.36
Moving Average Converg./Diverg. (MACD) 0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.37
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 71.70
Greed/Fear Indicator (GFI) 73.90
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
Upper Bollinger Band 71.65
Parabolic System 71.43
Weekly Stochastic Crossing 69.33
Price 69.00
Daily Stochastic Crossing 68.78
20 Day Moving Average 68.09
50 Day Moving Average 66.97
Lower Bollinger Band 64.93
Quarterly Trendline Resistance 62.37
Yearly Trendline Resistance 62.37
Yearly Trendline Support 59.11
Quarterly Trendline Support 56.87
Sector and Industry
Description Name Rank
Sector Real Estate 11
Industry REIT - Residential 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 67.97
Low Date 07/09/2026
High 70.75
High Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.62
Low Date 06/22/2026
High 71.50
High Date 07/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.57
Low Date 03/20/2026
High 71.50
High Date 07/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 62.37
Support 56.87
High 78.83
High Date 09/16/2024
Low 57.57
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 62.37
Support 59.11
Low 52.57
Low Date 11/01/2023
High 78.83
High Date 09/16/2024
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.