EQH is currently trading at $51.19, near the lower end of its Fibonacci pivot range of $52.22. The stock is approaching a critical support level at $49.13, with resistance levels at $55.31 and $57.22. The RSI_14 is at 40.43, indicating the stock is not yet oversold, while the Stochastic Oscillator (%K at 23.96 and %D at 28.17) suggests a potential bullish crossover. The MACD is slightly bearish at -0.24 but shows signs of convergence.
Recent news indicates EQH has launched a cash tender offer to increase its stake in AllianceBernstein, which could positively impact its strategic positioning. However, insider activity shows increased selling, signaling potential negative sentiment.
Based on the Fibonacci levels and technical indicators, EQH is expected to test the first resistance level of $55.31 next week. However, due to the mixed sentiment and insider activity, the price is likely to stabilize around $54.50.
Buy EQH with a target price of $54.50 and a stop-loss at $49.13.
The price of EQH is predicted to go up -0.68%, based on the high correlation periods with MCK. The similarity of these two price pattern on the periods is 90.76%.
EQH
MCK
Wells Fargo
2025-02-19
Price Target
$53 → $61
Upside
+9.55%
Keefe, Bruyette & Woods
2025-02-12
Price Target
$58 → $62
Upside
+15.56%
BMO Capital
2025-01-23
Price Target
$70
Upside
+31.93%