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Downtrend Broken Resist.Archive
- 5/24/2024 -
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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 dropped -1.43 points, or -2.13%, and closed at 65.70 on Friday, May 24, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -21% below average.
 Long-term trend: [See EQR long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 94.32 and reached 52.57 on November 1, 2023. EQR lost 41.75 points, or 44.26%, in 79 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (50.70) is broken. A broken support is considered to be a long-term bullish signal. 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 uptrend had started on November 1, 2023 at 52.57 and reached 68.55 on May 15, 2024. EQR gained -15.98 points, or -30.40%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (65.55). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EQR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. 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 April 16, 2024 at 59.48 and reached 68.55 on May 15, 2024. EQR gained -9.07 points, or -15.25%, in 29 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See EQR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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