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Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Weak |
P1 | 0 | 0 | 40.29 |
P2 | 44.63 | 46.21 | 48.10 |
P3 | 46.62 | 48.57 | 54.32 |
Long Term Trading Plans for EQR
October 31, 2020, 7:15 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
The technical summary data tells us to buy EQR near 40.29 with an upside target of 48.10. This data also tells us to set a stop loss @ 40.17 to protect against excessive loss in case the stock begins to move against the trade. 40.29 is the first level of support below 46.98 , and by rule, any test of support is a buy signal. In this case, support 40.29 would be being tested, so a buy signal would exist.
EQR - (Short) Resistance Plan
The technical summary data is suggesting a short of EQR as it gets near 48.10 with a downside target of 40.29. We should have a stop loss in place at 48.24 though. 48.10 is the first level of resistance above 46.98, and by rule, any test of resistance is a short signal. In this case, if resistance 48.10 is being tested, so a short signal would exist.