Trading Report for Equity Residential EQR

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 65.45
P2 79.97 80.22 71.43
P3 81.06 81.75 77.56

Longer Term Trading Plans for EQR

June 12, 2021, 10:15 pm ET

Our Longer Term Plans for EQR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this EQR Report.

Long Support Plan (Long Term Trading)

Buy EQR over 77.56 target n/a stop loss @ 77.34.

The technical summary data tells us to buy EQR near 77.56, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 77.34 to protect against excessive loss in case the stock begins to move against the trade. 77.56 is the first level of support below 80.75, and by rule, any test of support is a buy signal. In this case, if support 77.56 is being tested, a buy signal would exist.

Short Resistance Plan (Long Term Trading)

NONE .

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.


EQR Long Term Analysis for June 12 2021

Swing Trading Plans for EQR

June 12, 2021, 10:15 pm ET

Our Swing Trading Plans for EQR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this EQR Report.

Long Support Plan (Swing Trading)

Buy EQR over 81.75, target n/a, Stop Loss @ 81.51

If 81.75 begins to break higher, the technical summary data tells us to buy EQR just over 81.75, with an upside target of n/a. The data also tells us to set a stop loss @ 81.51 in case the stock turns against the trade. 81.75 is the first level of resistance above 80.75, and by rule, any break above resistance is a buy signal. In this case, 81.75, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short Resistance Plan (Swing Trading)

Short EQR near 81.75, target 80.22, Stop Loss @ 81.99.

The technical summary data is suggesting a short of EQR if it tests 81.75 with a downside target of 80.22. We should have a stop loss in place at 81.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.75, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


EQR Swing Trading Analysis for June 12 2021

Day Trading Plans for EQR

June 12, 2021, 10:15 pm ET

Our Day Trading Plans for EQR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this EQR Report.

Long Support Plan (Day Trading)

Buy EQR over 81.06, target 81.75, Stop Loss @ 80.87

If 81.06 begins to break higher, the technical summary data tells us to buy EQR just over 81.06, with an upside target of 81.75. The data also tells us to set a stop loss @ 80.87 in case the stock turns against the trade. 81.06 is the first level of resistance above 80.75, and by rule, any break above resistance is a buy signal. In this case, 81.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short Resistance Plan (Day Trading)

Short EQR near 81.06, target 80.22, Stop Loss @ 81.25.

The technical summary data is suggesting a short of EQR if it tests 81.06 with a downside target of 80.22. We should have a stop loss in place at 81.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


EQR Day Trading Analysis for June 12 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Equity Residential (NYSE: EQR) while incorporating prudent risk controls. 

Processing this Investment Decision:

A rising tide lifts all boats, when the market declines it pressures stocks too, and we have learned that the easiest way to trade is to go with the flow, so the direction of the market matters to this and every decision.  We suggest an evaluation of the market first, a servivce we also provide, and once this determination has been made then use the data herein to determine whether your decision to buy or sell EQR lines up with the forthcoming move in the market; we also offer a correlation tool to find stocks that are poised to move with the market.  Review our Current Market Analysis

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EQR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EQR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for EQR too.  All of these are offered below the Summary Table.

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