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Advanced TA SearchArchive - 4/26/2024 - Sign In to see current Signals. |
Equinix (EQIX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Equinix (EQIX). During the week, the EQIX dropped -16.39 points, or -2.19%, and closed at 731.61 on Friday, April 26, 2024. Weekly volume was 62% above average. Long-term trend: [See EQIX long-term trend chart] A long-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 (957.49) 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 long-term trend. Medium-term trend: [See EQIX medium-term trend chart] A medium-term downtrend had started on March 4, 2024 at 914.93 and reached 730.47 on April 26, 2024. EQIX lost 184.46 points, or 20.16%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 703.76 and resistance is at 738.47. 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 medium-term trend. Weekly Technical Indicators: [See EQIX weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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. 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 EQIX short-term trend chart] A short-term downtrend had started on April 24, 2024 at 768.25 and reached 730.47 on April 26, 2024. EQIX lost 37.78 points, or 4.92%, in 2 days. Price is near the trend low. Daily Technical Indicators: [See EQIX daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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