EQUINIX INC. - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 775.10 USD
My targets
736.88 USD (-0.59%)
693.88 USD (-6.39%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EQUINIX INC. as long as the price remains well below 775.10 USD. The sellers' bearish objective is set at 736.88 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 693.88 USD. In case of crossing, the next objective would be the support located at 675.14 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EQUINIX INC. rating is 741.23 USD. On the day, this instrument lost -0.12% and was between 738.60 USD and 746.78 USD. This implies that the price is at +0.36% from its lowest and at -0.74% from its highest.738.60
746.78
741.23
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EQUINIX INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EQUINIX INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 675.14 | 693.88 | 736.88 | 741.23 | 784.42 | 808.60 | 827.56 |
| Change (%) | -8.92% | -6.39% | -0.59% | - | +5.83% | +9.09% | +11.65% |
| Change | -66.09 | -47.35 | -4.35 | - | +43.19 | +67.37 | +86.33 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 720.04 | 726.65 | 734.39 | 741.00 | 748.74 | 755.35 | 763.09 |
| Camarilla | 738.19 | 739.51 | 740.83 | 742.14 | 743.46 | 744.77 | 746.09 |
| Woodie | 720.62 | 726.93 | 734.97 | 741.28 | 749.32 | 755.63 | 763.67 |
| Fibonacci | 726.65 | 732.13 | 735.52 | 741.00 | 746.48 | 749.87 | 755.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 705.71 | 732.52 | 748.29 | 775.10 | 790.87 | 817.68 | 833.45 |
| Camarilla | 752.34 | 756.24 | 760.15 | 764.05 | 767.95 | 771.86 | 775.76 |
| Woodie | 700.18 | 729.76 | 742.76 | 772.34 | 785.34 | 814.92 | 827.92 |
| Fibonacci | 732.52 | 748.79 | 758.84 | 775.10 | 791.37 | 801.42 | 817.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 638.91 | 712.04 | 768.68 | 841.81 | 898.45 | 971.58 | 1,028.22 |
| Camarilla | 789.64 | 801.54 | 813.43 | 825.33 | 837.23 | 849.12 | 861.02 |
| Woodie | 630.68 | 707.92 | 760.45 | 837.69 | 890.22 | 967.46 | 1,019.99 |
| Fibonacci | 712.04 | 761.61 | 792.24 | 841.81 | 891.38 | 922.01 | 971.58 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.05 | |
| MACD (12,26,9): | -6.9800 | |
| Directional Movement: | -15.59 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 736.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 734.30 | |
| Elder Ray (13): | -2.53 | |
| Super Trend (3,10): | 754.95 | |
| Zig ZAG (10): | 740.22 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 40.29 | |
| TEMA (21): | 736.99 | |
| Williams %R (14): | -45.93 | |
| Chande Momentum Oscillator (20): | -2.68 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 2.71 |
| MA7: | 763.23 | |
| MA20: | 787.44 | |
| MA50: | 837.07 | |
| MA100: | 820.90 | |
| MAexp7: | 741.30 | |
| MAexp20: | 746.58 | |
| MAexp50: | 760.65 | |
| MAexp100: | 778.60 | |
| Price / MA7: | -2.88% | |
| Price / MA20: | -5.87% | |
| Price / MA50: | -11.45% | |
| Price / MA100: | -9.71% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -2.55% | |
| Price / MAexp100: | -4.80% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on EQUINIX INC. at the time of the generation of this analysis was as follows:
- ROSEN, LEADING INVESTOR COUNSEL, Encourages Equinix, Inc. Investors to Inquire About Securities Class Action Investigation - EQIX
- Equinix and PGIM Real Estate Enter Into $600 Million JV for First xScale® Data Center in the U.S.
- ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Equinix, Inc. and Encourages Investors with Losses to Contact the Firm
- ROSEN, LEADING INVESTOR COUNSEL, Encourages Equinix, Inc. Investors to Inquire About Securities Class Action Investigation - EQIX
- Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Equinix, Inc. for potential violations of federal securities laws
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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