Technical Analysis

Technical Analysis of EQR Stock

Current Price and Trend

The current price of EQR is $71.33 as of 2025-03-07. The stock has been trading in a range between $71.38 and $72.72 during the last session, closing at $71.97. The price action shows a slight bullish momentum in the pre-market with a +0.54% increase, but the regular market only managed a +0.08% gain, followed by a post-market decline of -0.89%. This indicates some volatility but no clear direction.

Technical Indicators

• RSI (14-period): 49.47, indicating the stock is near the middle of the range, not oversold or overbought.
• MACD: 0.62 (positive signal), but the MACD histogram is negative, suggesting weakening momentum.
• Stochastic Oscillator: %K (37.27) is below %D (51.18), which could signal a bearish crossover.
• Fibonacci Levels: Pivot at $73.45, with resistance at $75.19 and $76.27, and support at $71.71 and $70.63.
• Bollinger Bands: The stock is near the lower band, suggesting potential oversold conditions.
• Moving Averages: SMA_20 ($72.24) and SMA_50 ($71.12) indicate the stock is slightly below these averages, hinting at a potential downtrend.

Volume Analysis

The volume has been decreasing over the past few sessions, indicating reduced buying pressure. However, the stock is holding near the Fibonacci support level, which might act as a floor.

Analyst Sentiment

Analysts have mixed opinions, with a consensus rating of Moderate Buy and an average price target of $78.41, suggesting potential upside .

Conclusion

Given the technical indicators and mixed analyst sentiment, the stock is near support but shows signs of weakening momentum. The recommendation is to sell EQR at the current price of $71.33, as the indicators suggest a potential downtrend despite being near support levels.