EQR Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, EQR shows mixed signals. RSI-14 at 54.76 indicates neutral momentum, while MACD (0.31) displays a slightly bullish trend with positive histogram (0.11). The stock is trading above its 20-day SMA (70.73) and 200-day SMA (70.75), suggesting an overall upward trend.
Price Levels and Fibonacci Analysis:
- Support levels: S1 at 70.29, S2 at 69.69
- Resistance levels: R1 at 72.24, R2 at 72.84
- Current price (71.56) is trading between the Fibonacci pivot (71.26) and R1
News Sentiment: Recent news shows positive momentum:
- Mizuho raised price target from $74 to $76
- Validea's analysis gives EQR an 81% rating based on multi-factor investor model
- Strong fundamental indicators with low volatility characteristics
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Bullish scenario (60% probability): Price likely to test R1 at 72.24
- Base scenario (30% probability): Consolidation between 70.29-71.56
- Bearish scenario (10% probability): Drop to S1 at 70.29
Trading Recommendation: BUY with entry at current levels (71.56)
- Target: 72.24 (R1 level)
- Stop loss: 70.29 (S1 level)
- Risk/Reward ratio: 1:1.2
The positive analyst sentiment, strong technical setup, and favorable Fibonacci levels suggest upward momentum in the coming week. The stock's low volatility characteristics and recent price target upgrade provide additional confidence for a bullish stance.
EQR Similar Chart Price Prediction
The price of EQR is predicted to go up 5.22%, based on the high correlation periods with ESS. The similarity of these two price pattern on the periods is 96.74%.
EQR
ESS
Up: 5.22%Similarity: 96.74%
EQR Revenue Forecast
EQR EPS Forecast
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EQR VS S&P500
Equity Residential's portfolio of high quality assets should see relatively consistent levels of demand long term from high-income earners and will likely see just a small hit to fundamentals during the current pandemic as most residents have not experienced job losses.
Equity Residential has a history of finding accretive development opportunities to bolster its growth prospects.
While current supply deliveries are near peak levels, rising construction costs and tighter lending standards should lead to lower supply growth.
EQR Analyst's Forecast
Richard Hightower
Barclays
Buy
2025-01-24
Price Target
$83 → $79
Upside
+15.75%
Barclays analyst Richard Hightower lowered the firm's price target on Equity Residential to $79 from $83 and keeps an Outperform rating on the shares as part of a Q4 earnings preview for the real estate investment trust group. It reduced apartment and single family rental estimates and targets across the board, which it says "hopefully" resets the bar for a beat-and-raise year in 2025.
Vikram Malhorta
Mizuho
Hold
2025-01-06
Price Target
$78 → $74
Upside
+8.2%
Richard Hightower
Barclays
Buy
2024-12-17
Price Target
$83
Upside
+14.06%
