Londinia Opportunities Analyses - 11/19/2024 (GMT) EQUITY RESIDENTIAL - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	EQR
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 73.96 USD

My targets

75.08 USD (+0.79%)

75.77 USD (+1.72%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EQUITY RESIDENTIAL as long as the price remains well above 73.96 USD. The buyers' bullish objective is set at 75.08 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 75.77 USD. If there is any crossing, the next objective would be the resistance located at 76.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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Additional analysis

Quotes

EQUITY RESIDENTIAL rating 74.49 USD. On the day, this instrument gained +0.09% with the lowest point at 73.59 USD and the highest point at 74.49 USD. The deviation from the price is +1.22% for the low point and 0% for the high point.

73.59

74.49

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EQUITY RESIDENTIAL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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 : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	70.88	72.46	73.96	74.49	75.08	75.77	76.45
Change (%)	-4.85%	-2.73%	-0.71%	-	+0.79%	+1.72%	+2.63%
Change	-3.61	-2.03	-0.53	-	+0.59	+1.28	+1.96
Level	Minor	Major	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.14	72.65	73.53	74.04	74.92	75.43	76.31
Camarilla	74.04	74.17	74.29	74.42	74.55	74.68	74.80
Woodie	72.34	72.74	73.73	74.13	75.12	75.52	76.51
Fibonacci	72.65	73.18	73.51	74.04	74.57	74.90	75.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.24	71.38	72.49	73.63	74.74	75.88	76.99
Camarilla	72.97	73.18	73.38	73.59	73.80	74.00	74.21
Woodie	70.22	71.37	72.47	73.62	74.72	75.87	76.97
Fibonacci	71.38	72.24	72.77	73.63	74.49	75.02	75.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.00	66.11	68.24	72.35	74.48	78.59	80.72
Camarilla	68.65	69.23	69.80	70.37	70.94	71.51	72.09
Woodie	61.01	65.62	67.25	71.86	73.49	78.10	79.73
Fibonacci	66.11	68.49	69.97	72.35	74.73	76.21	78.59

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):	58.29
MACD (12,26,9):	0.2000
Directional Movement:	1.20
AROON (14):	21.43
DEMA (21):	74.25
Parabolic SAR (0,02-0,02-0,2):	73.39
Elder Ray (13):	0.22
Super Trend (3,10):	73.18
Zig ZAG (10):	74.43
VORTEX (21):	1.1000
Stochastique (14,3,5):	83.93
TEMA (21):	74.28
Williams %R (14):	-5.04
Chande Momentum Oscillator (20):	0.90
Repulse (5,40,3):	0.7500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	2.16

MA7:	73.81
MA20:	73.24
MA50:	74.13
MA100:	72.29
MAexp7:	74.28
MAexp20:	74.00
MAexp50:	73.62
MAexp100:	73.35
Price / MA7:	+0.92%
Price / MA20:	+1.71%
Price / MA50:	+0.49%
Price / MA100:	+3.04%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.66%
Price / MAexp50:	+1.18%
Price / MAexp100:	+1.55%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on EQUITY RESIDENTIAL at the time of the generation of this analysis was as follows: