Equity Residential (EQR): Price Now Near $71.66; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for EQR

At the moment, EQR (Get Ratings)’s price is up $0.03 (0.05%) from the hour prior. The hourly chart shows that EQR has seen 2 straight up 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 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.

EQR’s Technical Outlook on the Daily Chart

Currently, EQR’s price is up $0.12 (0.16%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily 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. The chart below shows EQR’s price action over the past 90 days.


For EQR News Traders

News traders keeping an eye on EQR may find value in this recent story:

Equity Residential Announces First Quarter 2021 Earnings Release Date

Equity Residential (NYSE: EQR) today announced that the company will release its first quarter 2021 operating results on Tuesday, April 27, 2021 after the close of market and host a conference call to discuss those results on Wednesday, April 28, 2021 at 10:00 am Central. The conference call will be available via web cast on the Investor section of www.equityapartments.com.

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