EQR stock: buy or sell
Updated on:
Apr 22nd, 2021
2
EQR stock brief
- Counting on Wednesday, it's been 5 consecutive sessions in positive for Equity Residential of Beneficial Interes. Price closed on Wednesday at $74.87 after inching a 1.05%.
- The price is currently higher than the upper Bollinger band, which often indicates a near-term correction
- Equity Residential is committed to creating communities where people thrive.
Should I buy Equity Residential of Beneficial Interes stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $EQR stock a buy?
Currently, Equity Residential of Beneficial Interes stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $EQR in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Equity Residential of Beneficial Interes stock?
Do you know when is it time to sell Equity Residential of Beneficial Interes?. Trading strategies give us the ability us to avoid impetuous decisions based on our personal emotions or the buzz surrounding the market. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling shares in your porfolio, not for shorting Equity Residential of Beneficial Interes stock
A golden rule is that you should not hold a trading operation that shows a greater losses than those expected by the time of purchase. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Equity Residential of Beneficial Interes stock?
Currently, Equity Residential of Beneficial Interes stock doesn't match any of our preferred sell setups, so if you own Equity Residential of Beneficial Interes shares and your operation is in profit probably is not time to sell now
Equity Residential of Beneficial Interes ratings
In the last 30 days, 5 analyst ratings were published for Equity Residential of Beneficial Interes
| Brokerage firm | Rating |
|---|---|
| Mar 23rd, 2021 | |
| Zelman & Associates | |
| Mar 24th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral → |
| Mar 25th, 2021 | |
| Truist Securities | |
| Mar 30th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral → |
| Royal Bank of Canada | |
Equity Residential of Beneficial Interes stock analysis
Last February, the price broke out above the previous top at $62.38 on the downtrend started in November 2020. Since then, the price action resulted in a 20.02% gain.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The evolution of the Bollinger Bands on the chart reveals that they are fairly narrow (less than 5%), which clearly indicates that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 67.61. Since that level was lost, Equity Residential of Beneficial Interes stock only moved a 0.59%
Equity Residential of Beneficial Interes stock price history
Equity Residential of Beneficial Interes went public on Aug 12th, 1993 at $3.24 per share1. Since then, EQR stock has risen by 2,210.80%, with an average of 81.88% per year. If you had invested $1,000USD in Equity Residential of Beneficial Interes stock on Aug 1993, it would have a value of $23,108.02 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Equity Residential of Beneficial Interes stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and many times. If you are a small trader you don't have to trade based on these price targets.
The average price target for Equity Residential of Beneficial Interes stock calculated from the table below is $58.00. That is a 22.53% than the current price ($74.87).
| Brokerage firm | Price target |
|---|---|
| Mar 23rd, 2021 | |
| Zelman & Associates | Not available |
| Mar 24th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $59.00 → $58.00 |
| Mar 25th, 2021 | |
| Truist Securities | Not available |
| Mar 30th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $59.00 → $58.00 |
| Royal Bank of Canada | Not available |
Earnings and financials
Last February, Equity Residential ($EQR) posted adjusted EPS for that strongly improved Wall St. expectations. Quarterly EPS was $0.76 per share versus the estimated $0.24. This Q4 report means an earnings surprise of 216.67%. On the contrary, reported sales were $613.4 million, consistent with analysts' estimates.
Same quarter one year ago, reported EPS was $0.77, so recently reported EPS is a loss of -1.30%. Looking at revenue, figures went down a -10.31% compared to $6.8B same quarter a year ago.EQR ($EQR) is posting financial report next Tuesday. Estimated for this quarter is $0.24, compared to $0.76 that was reported for Q4.
Equity Residential of Beneficial Interes performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Equity Residential of Beneficial Interes ($EQR) | 4.50% | 23.50% | 48.90% |
Important:
The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the specific conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for general educational reasons onlyEQR summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $74.23 |
| Close | $74.87 |
| Day range | $73.64 - $75.15 |
| Previous close | $74.09 |
| Session gain | 1.05% |
| Average true range | $1.21 |
| 50d mov avg | $70.10 |
| 100d mov avg | $64.72 |
| 200d mov avg | $59.08 |
| Earnings date | May 4th, 2021 |