Equity Commonwealth Stock Forecast
Equity Commonwealth stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Equity Commonwealth stock price gained 0.261% on the last trading day (Tuesday, 2nd Jul 2024), rising from $19.19 to $19.24. During the last trading day the stock fluctuated 0.364% from a day low at $19.23 to a day high of $19.30. The price has risen in 7 of the last 10 days but is still down by -0.26% for this period. Volume fell on the last day by -10 thousand shares and in total, 516 thousand shares were bought and sold for approximately $9.93 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.49% during the next 3 months and, with a 90% probability hold a price between $20.05 and $20.93 at the end of this 3-month period.
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EQC Signals & Forecast
The Equity Commonwealth stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.33 and $19.32. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-term chart.
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.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-term chart.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 $19.19 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 $0.0700 between high and low, or 0.364%. For the last week the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: $18.23 (-5.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (EQC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Equity Commonwealth to open at $19.26, and during the day (based on 14 day Average True Range), to move between $19.04 and $19.44, which gives a possible trading interval of +/-$0.203 (+/-1.05%) up or down from last closing price. If Equity Commonwealth takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.19 (0.26%) than the resistance at $19.31 (0.36%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.591 Buy Candidate Upgraded
Predicted Opening Price for Equity Commonwealth of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$19.26 ( 0.0866%) | $19.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.33 | 0.450% |
R2 | 19.30 | 0.311% |
R1 | 19.28 | 0.226% |
Price | 19.24 | |
S1 | 19.23 | -0.0524% |
S2 | 19.21 | -0.138% |
S3 | 19.19 | -0.277% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.60 | 1.87% |
R2 | 19.39 | 0.780% |
R1 | 19.31 | 0.364% |
Price | 19.24 | |
S1 | 19.19 | -0.260% |
S2 | 18.60 | -3.33% |
S3 | 18.53 | -3.69% |
EQC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 13, 2023 | Feb 22, 2023 | Mar 09, 2023 | $4.25 | 21.29% |
2 | Sep 08, 2022 | Sep 28, 2022 | Oct 18, 2022 | $1.00 | 4.02% |
3 | Sep 16, 2020 | Sep 30, 2020 | Oct 20, 2020 | $3.50 | 13.28% |
4 | Sep 24, 2019 | Oct 04, 2019 | Oct 23, 2019 | $3.50 | 10.93% |
5 | Sep 26, 2018 | Oct 05, 2018 | Oct 23, 2018 | $2.50 | 8.50% |
FAQ
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