Equity Residential Technical Analysis (NYSE:EQR)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Equity Residential stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the EQR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, 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
Moving averages help predict the price direction of EQR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Equity Residential are mostly signals of long term trends and will help long term traders.
Equity Residential Bollinger Bands
Bollinger bands comprise of a center line usually EQR SMA, and two EQR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $63.12 is in the lower range of Equity Residential bollinger bands.
Equity Residential Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. 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.