The Greedy Trader Weekly Analysis
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Daily W%R:< 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/5/2024 -
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Equinix (EQIX) Technical Analysis

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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the Equinix (EQIX). During the week, the EQIX dropped -40.92 points, or -4.96%, and closed at 784.41 on Friday, April 5, 2024. Weekly volume was 19% above average.

EQIX is a member of Real Estate Sector. Real Estate is the second most oversold 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 EQIX long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 885.10 and reached 494.89 on October 13, 2022. EQIX lost 390.21 points, or 44.09%, in 57 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 756.19 and resistance is at 798.38. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See EQIX medium-term trend chart]
A medium-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 (924.20) 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 medium-term trend.

Weekly Technical Indicators: [See EQIX 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 March 22, 2024. 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 March 4, 2024 at 914.93 and reached 778.65 on April 4, 2024. EQIX lost 136.28 points, or 14.90%, in 31 days. Price is near the trend low.

Daily Technical Indicators: [See EQIX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since March 11, 2024. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 123.70% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.23
Bullish
Williams' Percentage Range (W%R) 97.80
Strong Oversold
Lane's Stochastic (%D-Slow) 12.02
Oversold Bullish
Greed/Fear Indicator (GFI) 14.48
Oversold
Moving Average Converg./Diverg. (MACD) -15.65 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.89
Williams' Percentage Range (W%R) 83.00
Oversold
Lane's Stochastic (%D-Slow) 46.44
Greed/Fear Indicator (GFI) 37.42
Moving Average Converg./Diverg. (MACD) 25.26
Trading Signals
Description Value Chart
Monthly Trendline Support 924.20
Upper Bollinger Band 900.28
50 Day Moving Average 848.73
20 Day Moving Average 830.09
Weekly Stochastic Crossing 825.70
Parabolic System 817.19
Yearly Trendline Resistance 798.38
Price 784.41
Daily Stochastic Crossing 783.52
Yearly Trendline Support 756.19
Lower Bollinger Band 743.42
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Specialized REITs 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 827.43
High Date 03/28/2024
Low 778.65
Low Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 914.93
High Date 03/04/2024
Low 778.65
Low Date 04/04/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 948.34
Support 924.20
Low 677.80
Low Date 10/25/2023
High 914.93
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 494.89
Low Date 10/13/2022
High 914.93
High Date 03/04/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 798.38
Support 756.19
High 885.10
High Date 09/03/2021
Low 494.89
Low Date 10/13/2022
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.