pool adsEquity Residential $EQR Technical Update
The Equity Residential (NYSE: EQR) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for EQR, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 65.33 | 61.76 | 63.73 |
| P2 | 67.03 | 64.61 | 67.66 |
| P3 | 68.06 | 67.35 | 71.35 |
Support and Resistance Plot Chart for EQR
Long Term Trading Plans for EQR
November 10, 2018, 4:15 am ET
The Technical Summary and Trading Plans for EQR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this EQR Report.
EQR - (Long) Support Plan
Buy over 63.73 target 67.66 stop loss @ 63.47.
The technical summary data tells us to buy EQR near 63.73 with an upside target of 67.66. This data also tells us to set a stop loss @ 63.47 to protect against excessive loss in case the stock begins to move against the trade. 63.73 is the first level of support below 67.3 , and by rule, any test of support is a buy signal. In this case, support 63.73 would be being tested, so a buy signal would exist.
EQR - (Short) Resistance Plan
Short under 67.66 target 63.73 stop loss @ 67.92.
The technical summary data is suggesting a short of EQR as it gets near 67.66 with a downside target of 63.73. We should have a stop loss in place at 67.92 though. 67.66 is the first level of resistance above 67.3, and by rule, any test of resistance is a short signal. In this case, if resistance 67.66 is being tested, so a short signal would exist.
