Equity Residential Technical Analysis (NYSE:EQR)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. A EQR stock chart pattern can give those who understand technical analysis an indication of which way EQR stock is headed, but cannot predict with 100% certainty as to what can happen to the Equity Residential stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Equity Residential. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Equity Residential stock analysis.
Equity Residential Moving Average:
EQR stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Equity Residential chart patterns after the calculations remain the same. The 100 day moving average of 65.59 is below the last closing price of 68.31. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer EQR stock price movement for the moving average to change course.
Equity Residential Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of Equity Residential stock price relative to previous trades. Equity Residential bollinger bands show that the stock price is $68.31, upper band is 57.08, lower band is 50.01, and the average is 53.54.
Equity Residential Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Equity Residential MACD line is below the signal line.
Equity Residential Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of EQR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .