Equity Residential Stock Forecast
Equity Residential stock price ended at $64.40 on Tuesday, after losing 1.38%.
(Updated on Apr 30, 2024)
The Equity Residential stock price fell by -1.38% on the last day (Tuesday, 30th Apr 2024) from $65.30 to $64.40. During the last trading day the stock fluctuated 1.06% from a day low at $64.36 to a day high of $65.04. The price has risen in 9 of the last 10 days and is up by 7.91% 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 -2 million shares and in total, 1 million shares were bought and sold for approximately $81.09 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.88% during the next 3 months and, with a 90% probability hold a price between $64.51 and $70.00 at the end of this 3-month period.
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EQR Signals & Forecast
The Equity Residential stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.28 and $62.52. A breakdown below any of these levels will issue sell signals. 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 Monday, April 29, 2024, and so far it has fallen -1.38%. 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.
Support, Risk & Stop-loss for Equity Residential stock
Equity Residential finds support from accumulated volume at $62.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.680 between high and low, or 1.06%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: $61.58 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (EQR) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Equity Residential to open at $64.60, and during the day (based on 14 day Average True Range), to move between $63.11 and $65.69, which gives a possible trading interval of +/-$1.29 (+/-2.01%) up or down from last closing price. If Equity Residential takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.61 (0.33%) than the support at $62.86 (2.39%), 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 Equity Residential stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Equity Residential stock to perform well in the short-term.
Current score: 4.613 Buy Candidate Unchanged
Predicted Opening Price for Equity Residential of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $64.60 ( 0.311%) | $64.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.28 | 1.37 % | |
| R2 | 65.02 | 0.96 % | ||
| R1 | 64.86 | 0.714 % | ||
| Current price: | 64.40 | |||
| Support | S1 | 64.34 | -0.0928 % | |
| S2 | 64.18 | -0.342 % | ||
| S3 | 63.92 | -0.745 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.30 | 1.40 % | |
| R2 | 64.88 | 0.745 % | ||
| R1 | 64.61 | 0.326 % | ||
| Current price | 64.40 | |||
| Support | S1 | 62.86 | -2.39% | |
| S2 | 60.96 | -5.34% | ||
| S3 | 60.19 | -6.54% |
EQR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 12, 2024 | $0.675 | 1.09% |
| 2 | Dec 14, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.663 | 1.07% |
| 3 | Sep 15, 2023 | Sep 25, 2023 | Oct 13, 2023 | $0.660 | 1.10% |
| 4 | Jun 15, 2023 | Jun 23, 2023 | Jul 14, 2023 | $0.663 | 0.97% |
| 5 | Mar 16, 2023 | Mar 24, 2023 | Apr 14, 2023 | $0.663 | 1.10% |
FAQ
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