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Uptrend ExhaustionArchive
- 1/3/2025 -
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Equity Residential (EQR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Equity Residential (EQR). During the week, the EQR gave back -0.68 points, or -0.95%, and closed at 70.90 on Friday, January 3, 2025. Weekly volume was -30% 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 price is now at the 30.20% 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 68.93 on November 1, 2024. EQR lost 9.90 points, or 12.56%, in 6 weeks. The price is now at the 19.90% retracement level.
 Weekly Technical Indicators: [See EQR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 27, 2024 at 78.32 and reached 69.35 on December 19, 2024. EQR lost 8.97 points, or 11.45%, in 22 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 62.15 and resistance is at 71.97. 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 short-term trend.
 Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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