EQR stock: buy or sell
Updated on:
Jul 29th, 2021
2
EQR stock brief
- After marking new all-time highs on Wednesday, Equity Residential of Beneficial Interes closed at $84.16 barely changing a -0.80%
- Equity Residential of Beneficial Interes made public its earnings report on Tuesday
- Equity Residential is committed to creating communities where people thrive.
Should I buy Equity Residential of Beneficial Interes stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 matches one trading strategy:
Uptrend buy setup
Equity Residential of Beneficial Interes stock continues to trend higher since in December 2020 and has marked a gorgeous 54.08% gain. Price marked a pull back in this uptrend at $76.81 in late June, and since then it bounced up a 9.57%. Price just broke out above the buy point at $81.42, but it's still eligible. If price climbs beyond $85.49, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $74.51
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $81.42 | $74.51 | 8.49% |
Should I sell Equity Residential of Beneficial Interes stock?
When you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies help us to avoid impulsive decisions based on our personal emotions or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very easy to follow but are only applicable for selling stocks you already own, not for selling short Equity Residential of Beneficial Interes stock
As a rule of thumb, you should not hold a trade that shows a higher than expected losses by the time of the buy. The timing to sell your stock always has to 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 stock and your operation is in profit probably is not time to sell now
Equity Residential of Beneficial Interes ratings
We don't have any rating published in the previous 30 days for Equity Residential of Beneficial Interes
Equity Residential of Beneficial Interes stock analysis
Equity Residential of Beneficial Interes shares started an uptrend in December 2020, and gained an amazing 54.08%. The price action shows higher peaks and higher troughs, and along the way provided some buy points for those who wanted to trade in. Latest pullback was in late June, when price bounced at $76.81. On July 14, Equity Residential of Beneficial Interes broke out above its last top ($81.42) offering a good entry point
$EQR at Highs
On Wednesday, Equity Residential of Beneficial Interes marked all-time highs (ATH) again at $85.83. Stock smashed new all-time highs 3 times in the last 10 sessions
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistances.
The current supports are:
Bollinger bands
Since the price surpassed the upper band on July 20, the price sliced by 1.29%
Relative strength index
The RSI dropped below the overbought level of 70 on July 19 after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 61.92. Equity Residential of Beneficial Interes stock scarcely moved a 0.48% since then
Equity Residential of Beneficial Interes stock price history
Equity Residential of Beneficial Interes IPO was on Aug 12th, 1993 at $3.22 per share1. Since then, EQR stock has risen by 2,513.66%, with an average of 93.10% per year. An investment of $1,000USD on Aug 1993 would have a value of $26,136.65 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Equity Residential of Beneficial Interes stock
Nobody can predict how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
The following table shows the price target published by analysts over the last 30 days. If you are a small investor you shouldn't invest based on these price targets.
In the previous 30 days we couldn't find any price target posted for Equity Residential of Beneficial Interes stock.
Earnings and financials
Investors call was hosted by Equity Residential of Beneficial Interes ($EQR) on Tuesday after presenting the earnings report.
In comparing, the EPS for the same quarter last year was $0.70, so posted EPS is -100.00%. Turnover went down a -12.42% on an annualized basis in the , from $6.8B to $6.0B last quarter.EQR ($EQR) is hosting the Q3 earnings call next October.
Equity Residential of Beneficial Interes performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Equity Residential of Beneficial Interes ($EQR) | 8.40% | 14.50% | 40.50% |
Please read:
The viewpoints written in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific conditions of the reader, his or her own 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 Opinions are published for learning purposes onlyEQR summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $84.83 |
| Close | $84.16 |
| Day range | $84 - $85.83 |
| Previous close | $84.84 |
| Session gain | -0.80% |
| Average true range | $1.80 |
| 50d mov avg | $79.30 |
| 100d mov avg | $75.69 |
| 200d mov avg | $66.99 |
| Earnings date | October 25th, 2021 |