Equity Commonwealth Stock Forecast
Weaker technical forecast for Equity Commonwealth as stock downgraded to Strong Sell Candidate.
(Updated on Apr 18, 2024)
The Equity Commonwealth stock price fell by -0.432% on the last day (Thursday, 18th Apr 2024) from $18.53 to $18.45. During the last trading day the stock fluctuated 0.87% from a day low at $18.45 to a day high of $18.61. The price has fallen in 5 of the last 10 days and is down by -1.6% for this period. Volume has increased on the last day by 221 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 839 thousand shares were bought and sold for approximately $15.48 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.56% during the next 3 months and, with a 90% probability hold a price between $17.45 and $18.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EQC Signals & Forecast
There are few to no technical positive signals at the moment. The Equity Commonwealth 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 $18.58 and $18.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Equity Commonwealth stock
Equity Commonwealth finds support from accumulated volume at $18.42 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 $0.160 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EQC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Equity Commonwealth to open at $18.50, and during the day (based on 14 day Average True Range), to move between $18.22 and $18.68, which gives a possible trading interval of +/-$0.230 (+/-1.25%) up or down from last closing price. If Equity Commonwealth takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.42 (0.16%) than the resistance at $18.53 (0.43%), 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 negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.222 Strong Sell Candidate Downgraded
Predicted Opening Price for Equity Commonwealth of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $18.50 ( 0.289%) | $18.45 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 18.66 | 1.16 % | |
| R2 | 18.60 | 0.83 % | ||
| R1 | 18.56 | 0.620 % | ||
| Current price: | 18.45 | |||
| Support | S1 | 18.44 | -0.0422 % | |
| S2 | 18.40 | -0.247 % | ||
| S3 | 18.34 | -0.578 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.93 | 2.60 % | |
| R2 | 18.81 | 1.95 % | ||
| R1 | 18.53 | 0.434 % | ||
| Current price | 18.45 | |||
| Support | S1 | 18.42 | -0.163% | |
| S2 | 18.37 | -0.434% | ||
| S3 | 18.20 | -1.36% |
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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