EQT CORP. - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 9.26 USD
My targets
8.42 USD (-5.98%)
7.68 USD (-14.21%)
My analysis
EQT CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.26 USD. The next support located at 8.42 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.68 USD. Below this support, sellers could then target 6.63 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
5
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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
EQT CORP. rating 8.95 USD. On the day, this instrument lost -1.54% with the lowest point at 8.92 USD and the highest point at 9.18 USD. The deviation from the price is +0.34% for the low point and -2.51% for the high point.8.92
9.18
8.95
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EQT CORP.:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EQT CORP. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 8.95 | 9.26 | 11.59 | 15.99 |
| Change (%) | - | +3.46% | +29.50% | +78.66% |
| Change | - | +0.31 | +2.64 | +7.04 |
| Level | - | Intermediate | 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 | 8.63 | 8.74 | 8.92 | 9.03 | 9.21 | 9.32 | 9.50 |
| Camarilla | 9.01 | 9.04 | 9.06 | 9.09 | 9.12 | 9.14 | 9.17 |
| Woodie | 8.66 | 8.76 | 8.95 | 9.05 | 9.24 | 9.34 | 9.53 |
| Fibonacci | 8.74 | 8.85 | 8.92 | 9.03 | 9.14 | 9.21 | 9.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.76 | 8.05 | 8.42 | 8.71 | 9.07 | 9.36 | 9.73 |
| Camarilla | 8.60 | 8.66 | 8.72 | 8.78 | 8.84 | 8.90 | 8.96 |
| Woodie | 7.80 | 8.07 | 8.45 | 8.72 | 9.11 | 9.38 | 9.76 |
| Fibonacci | 8.05 | 8.30 | 8.46 | 8.71 | 8.96 | 9.11 | 9.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.64 | 6.63 | 7.68 | 9.66 | 10.71 | 12.70 | 13.75 |
| Camarilla | 7.90 | 8.17 | 8.45 | 8.73 | 9.01 | 9.29 | 9.57 |
| Woodie | 4.18 | 6.39 | 7.21 | 9.43 | 10.25 | 12.46 | 13.28 |
| Fibonacci | 6.63 | 7.79 | 8.50 | 9.66 | 10.82 | 11.54 | 12.70 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.57 | |
| MACD (12,26,9): | -0.3300 | |
| Directional Movement: | -0.82 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 8.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.39 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 10.01 | |
| Zig ZAG (10): | 8.94 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 68.19 | |
| TEMA (21): | 8.62 | |
| Williams %R (14): | -26.19 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5500 | |
| Courbe Coppock: | 13.81 |
| MA7: | 8.79 | |
| MA20: | 9.09 | |
| MA50: | 9.63 | |
| MA100: | 10.83 | |
| MAexp7: | 8.89 | |
| MAexp20: | 9.13 | |
| MAexp50: | 9.81 | |
| MAexp100: | 11.16 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | -1.54% | |
| Price / MA50: | -7.06% | |
| Price / MA100: | -17.36% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | -1.97% | |
| Price / MAexp50: | -8.77% | |
| Price / MAexp100: | -19.80% |
News
The last news published on EQT CORP. at the time of the generation of this analysis was as follows:
- EQT Credit Completes Financing to Support Veritas Petroleum Services
- EQT Credit Provides Financing for Summa Equity's Investment in HyTest
- EQT Invests in China Shine, a Fast-growing Facility Management Service Provider
- EQT Real Estate Acquires Allee Center, a Neighborhood Shopping Center in Leipzig, Germany, From Investa Real Estate
- EQT to Sell Offshore Communication Infrastructure Provider Tampnet
This member declared not having a position on this financial instrument or a related financial instrument.
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