Equinix, Inc. Stock Forecast

Equinix, Inc. stock price down 2.63% on Tuesday
(Updated on Jun 25, 2024)

0II4.L Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Equinix, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 763.37€ and 765.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -8.12%. Further fall is indicated until a new bottom pivot has been found. Equinix, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Equinix, Inc. stock

Equinix, Inc. finds support from accumulated volume at 711.56€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 18.00€ between high and low, or 2.45%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0II4.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Equinix, Inc. to open at 744.27€, and during the day (based on 14 day Average True Range), to move between 728.50€ and 756.70€, which gives a possible trading interval of +/-14.10€ (+/-1.90%) up or down from last closing price. If Equinix, Inc. takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 769.77€ (3.66%) than the support at 711.56€ (4.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Equinix, Inc. stock A Buy?

Equinix, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.059 Sell Candidate Unchanged

Predicted Opening Price for Equinix, Inc. of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.