Equinix Inc (EQIX): Price Now Near $815.36; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for EQIX

At the moment, EQIX (Get Ratings)’s price is down $-0.96 (-0.12%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EQIX has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Trading stocks, EQIX ranks 30th in regards to today’s price percentage change.

EQIX’s Technical Outlook on the Daily Chart

Currently, EQIX’s price is down $-1.3 (-0.16%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as EQIX has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Equinix Inc’s price action over the past 90 days can be seen via the chart below.

EQIX

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