Equity Commonwealth Stock Forecast

Buy or Hold candidate since Nov 15, 2024 Gain 0.30%

The Equity Commonwealth stock price fell by -0.198% on the last day (Wednesday, 4th Dec 2024) from $20.17 to $20.13. During the last trading day the stock fluctuated 0.397% from a day low at $20.13 to a day high of $20.21. The price has risen in 6 of the last 10 days and is up by 0.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -747 thousand shares and in total, 2 million shares were bought and sold for approximately $31.76 million.

The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Equity Commonwealth stock with a 90% probability to be traded between $19.73 and $20.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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EQC Signals & Forecast

The Equity Commonwealth stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.19. On a fall, the stock will find some support from the long-term average at approximately $19.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, November 29, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, November 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, November 04, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Equity Commonwealth stock

Equity Commonwealth finds support from accumulated volume at $20.12 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 $0.0800 between high and low, or 0.397%. For the last week the stock has had daily average volatility of 0.605%.

Our recommended stop-loss: $19.28 (-4.21%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (EQC) For The Upcoming Trading Day Of Thursday 5th

For the upcoming trading day on Thursday, 5th we expect Equity Commonwealth to open at $20.16, and during the day (based on 14 day Average True Range), to move between $19.99 and $20.27, which gives a possible trading interval of +/-$0.140 (+/-0.69%) up or down from last closing price. If Equity Commonwealth takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.12 (0.05%) than the resistance at $20.14 (0.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Equity Commonwealth stock A Buy?

Equity Commonwealth holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.586 Hold/Accumulate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 5, 2024 - $20.16 ( 0.132%).