EQUITY RESIDENTIAL - Daily - Technical analysis published on 10/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 72.46 USD
My targets
77.39 USD (+2.49%)
86.00 USD (+13.89%)
My analysis
The basic bullish trend is very strong on EQUITY RESIDENTIAL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 72.46 USD. Crossing the first resistance at 77.39 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 86.00 USD as an objective. Caution, a return to below 72.46 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EQUITY RESIDENTIAL price is 75.51 USD. The price registered an increase of +0.86% on the session and was traded between 74.89 USD and 75.73 USD over the period. The price is currently at +0.83% from its lowest and -0.29% from its highest.74.89
75.73
75.51
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EQUITY RESIDENTIAL indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 70.75 | 72.46 | 75.08 | 75.51 | 77.39 | 86.00 |
| Change (%) | -6.30% | -4.04% | -0.57% | - | +2.49% | +13.89% |
| Change | -4.76 | -3.05 | -0.43 | - | +1.88 | +10.49 |
| Level | Minor | Intermediate | Major | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.29 | 73.64 | 74.25 | 74.60 | 75.21 | 75.56 | 76.17 |
| Camarilla | 74.61 | 74.69 | 74.78 | 74.87 | 74.96 | 75.05 | 75.13 |
| Woodie | 73.43 | 73.71 | 74.39 | 74.67 | 75.35 | 75.63 | 76.31 |
| Fibonacci | 73.64 | 74.00 | 74.23 | 74.60 | 74.96 | 75.19 | 75.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.64 | 71.20 | 72.15 | 72.71 | 73.66 | 74.22 | 75.17 |
| Camarilla | 72.68 | 72.81 | 72.95 | 73.09 | 73.23 | 73.37 | 73.51 |
| Woodie | 70.83 | 71.30 | 72.34 | 72.81 | 73.85 | 74.32 | 75.36 |
| Fibonacci | 71.20 | 71.78 | 72.14 | 72.71 | 73.29 | 73.65 | 74.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.30 | 70.21 | 72.33 | 75.24 | 77.36 | 80.27 | 82.39 |
| Camarilla | 73.08 | 73.54 | 74.00 | 74.46 | 74.92 | 75.38 | 75.84 |
| Woodie | 66.92 | 70.01 | 71.95 | 75.04 | 76.98 | 80.07 | 82.01 |
| Fibonacci | 70.21 | 72.13 | 73.32 | 75.24 | 77.16 | 78.35 | 80.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.48 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 10.76 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 74.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.22 | |
| Elder Ray (13): | 1.17 | |
| Super Trend (3,10): | 75.82 | |
| Zig ZAG (10): | 75.52 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 92.02 | |
| TEMA (21): | 73.86 | |
| Williams %R (14): | -5.05 | |
| Chande Momentum Oscillator (20): | 1.64 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.35 |
| MA7: | 73.99 | |
| MA20: | 74.05 | |
| MA50: | 73.82 | |
| MA100: | 70.53 | |
| MAexp7: | 74.38 | |
| MAexp20: | 74.13 | |
| MAexp50: | 73.26 | |
| MAexp100: | 70.83 | |
| Price / MA7: | +2.05% | |
| Price / MA20: | +1.97% | |
| Price / MA50: | +2.29% | |
| Price / MA100: | +7.06% | |
| Price / MAexp7: | +1.52% | |
| Price / MAexp20: | +1.86% | |
| Price / MAexp50: | +3.07% | |
| Price / MAexp100: | +6.61% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on EQUITY RESIDENTIAL. At the time of publication of this analysis, the latest news was as follows:
- Equity Residential Reports Fourth Quarter 2023 Results
- Equity Residential Reports Second Quarter 2023 Results
- Equity Residential Announces Second Quarter 2023 Earnings Release Date
- Equity Residential Declares Second Quarter Dividends
- Equity Residential to Participate in Nareit Investor Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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