The Greedy Trader Weekly Analysis
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Daily D%-Slow:> 80
Weekly Price vs. Trendline:Testing Resistance
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Parabolic SAR Crossover - Stock market timing signals.
The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.
parabolic sar,Parabolic SAR Crossover,stock market timing signals

Equity Residential (EQR)

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend support at 91.18
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third consecutive positive week for the Equity Residential (EQR). During the week, the EQR gained 1.06 points, or 1.27%, and closed at 84.82 on Friday, July 23, 2021. Weekly volume was -34% below average.

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 October 29, 2020 at 45.43 and reached 85.47 on July 21, 2021. EQR gained -40.04 points, or -88.14%, in 37 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (91.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See EQR medium-term trend chart]
A medium-term uptrend had started on December 21, 2020 at 56.08 and reached 85.47 on July 21, 2021. EQR gained -29.39 points, or -52.41%, in 30 weeks. Price is near the trend high.

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

The weekly MACD line is above its signal line since August 14, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 30, 2021 at 76.81 and reached 85.47 on July 21, 2021. EQR gained -8.66 points, or -11.27%, in 21 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 84.00 and resistance is at 86.67. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

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

The daily MACD line is above its signal line since July 8, 2021. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.82
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 80.75
Overbought
Greed/Fear Indicator (GFI) 80.35
Overbought
Moving Average Converg./Diverg. (MACD) 1.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.90
Overbought
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 79.28
Bearish
Greed/Fear Indicator (GFI) 78.49
Moving Average Converg./Diverg. (MACD) 4.19 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Support 91.18
Upper Bollinger Band 87.07
Weekly Trendline Resistance 86.67
Quarterly Trendline Resistance 85.09
Price 84.82
Daily Stochastic Crossing 84.77
Weekly Trendline Support 84.00
Weekly Stochastic Crossing 83.84
Parabolic System 83.83
20 Day Moving Average 81.10
50 Day Moving Average 79.09
Lower Bollinger Band 76.55
Sector and Industry
Description Name Rank
Sector Real Estate 12
Industry REIT - Residential 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.51
Low Date 07/22/2021
High 84.92
High Date 07/23/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 86.67
Support 84.00
Low 76.81
Low Date 06/30/2021
High 85.47
High Date 07/21/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.08
Low Date 12/21/2020
High 85.47
High Date 07/21/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 85.09
Support 91.18
Low 45.43
Low Date 10/29/2020
High 85.47
High Date 07/21/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.55
High Date 10/31/2019
Low 45.43
Low Date 10/29/2020
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.

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