EASTGROUP PROPERTIES INC. - Daily - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 129.81 USD
My targets
137.62 USD (+2.64%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EASTGROUP PROPERTIES INC.. As long as you are above the support located at 129.81 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 137.62 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 129.81 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EASTGROUP PROPERTIES INC. price is 134.08 USD. The price is lower by -1.27% since the last closing with the lowest point at 133.60 USD and the highest point at 136.14 USD. The deviation from the price is +0.36% for the low point and -1.51% for the high point.133.60
136.14
134.08
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 EASTGROUP PROPERTIES INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EASTGROUP PROPERTIES INC. chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 9 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
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 115.00 | 121.75 | 129.81 | 134.08 | 134.30 | 137.62 |
| Change (%) | -14.23% | -9.20% | -3.18% | - | +0.16% | +2.64% |
| Change | -19.08 | -12.33 | -4.27 | - | +0.22 | +3.54 |
| Level | Intermediate | Minor | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 134.01 | 134.70 | 135.25 | 135.94 | 136.49 | 137.18 | 137.73 |
| Camarilla | 135.47 | 135.58 | 135.70 | 135.81 | 135.92 | 136.04 | 136.15 |
| Woodie | 133.95 | 134.67 | 135.19 | 135.91 | 136.43 | 137.15 | 137.67 |
| Fibonacci | 134.70 | 135.17 | 135.46 | 135.94 | 136.41 | 136.70 | 137.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.68 | 133.03 | 134.61 | 135.96 | 137.54 | 138.89 | 140.47 |
| Camarilla | 135.39 | 135.66 | 135.93 | 136.20 | 136.47 | 136.74 | 137.01 |
| Woodie | 131.81 | 133.09 | 134.74 | 136.02 | 137.67 | 138.95 | 140.60 |
| Fibonacci | 133.03 | 134.15 | 134.84 | 135.96 | 137.08 | 137.77 | 138.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.33 | 125.92 | 130.98 | 134.57 | 139.63 | 143.22 | 148.28 |
| Camarilla | 133.67 | 134.46 | 135.26 | 136.05 | 136.84 | 137.64 | 138.43 |
| Woodie | 123.08 | 126.29 | 131.73 | 134.94 | 140.38 | 143.59 | 149.03 |
| Fibonacci | 125.92 | 129.22 | 131.26 | 134.57 | 137.87 | 139.91 | 143.22 |
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): | 51.63 | |
| MACD (12,26,9): | 1.2100 | |
| Directional Movement: | 7.17 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 136.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 138.15 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 131.69 | |
| Zig ZAG (10): | 134.08 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 54.79 | |
| TEMA (21): | 135.88 | |
| Williams %R (14): | -65.02 | |
| Chande Momentum Oscillator (20): | 1.82 | |
| Repulse (5,40,3): | -1.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 4.39 |
| MA7: | 135.43 | |
| MA20: | 134.29 | |
| MA50: | 131.35 | |
| MA100: | 126.99 | |
| MAexp7: | 135.23 | |
| MAexp20: | 134.33 | |
| MAexp50: | 131.56 | |
| MAexp100: | 127.32 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +5.58% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | +1.92% | |
| Price / MAexp100: | +5.31% |
News
The last news published on EASTGROUP PROPERTIES INC. at the time of the generation of this analysis was as follows:
- EastGroup Properties Announces 160th Consecutive Quarterly Cash Dividend
- EastGroup Properties Announces Third Quarter 2019 Results
- EastGroup Properties Announces Third Quarter 2019 Earnings Conference Call and Webcast
- EastGroup Properties Announces Dividend Increase
- EastGroup Properties Announces Second Quarter 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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