EQUINIX INC. - Daily - Technical analysis published on 11/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 743.63 USD
My targets
792.49 USD (+4.19%)
816.57 USD (+7.35%)
My analysis
The strong short-term increase for EQUINIX INC. reinforces the current slightly bullish trend. As long as the price remains above 743.63 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 792.49 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 816.57 USD as an objective. Crossing it would then enable buyers to target 851.56 USD. A return to 743.63 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EQUINIX INC. rating 760.65 USD. The price is lower by -0.14% since the last closing and was between 755.28 USD and 764.18 USD. This implies that the price is at +0.71% from its lowest and at -0.46% from its highest.755.28
764.18
760.65
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EQUINIX INC. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 696.88 | 714.14 | 743.63 | 760.65 | 768.38 | 792.49 | 816.57 |
Change (%) | -8.38% | -6.11% | -2.24% | - | +1.02% | +4.19% | +7.35% |
Change | -63.77 | -46.51 | -17.02 | - | +7.73 | +31.84 | +55.92 |
Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 737.94 | 746.35 | 754.03 | 762.44 | 770.12 | 778.53 | 786.21 |
Camarilla | 757.30 | 758.77 | 760.25 | 761.72 | 763.20 | 764.67 | 766.15 |
Woodie | 737.59 | 746.17 | 753.68 | 762.26 | 769.77 | 778.35 | 785.86 |
Fibonacci | 746.35 | 752.49 | 756.29 | 762.44 | 768.58 | 772.38 | 778.53 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 648.79 | 678.33 | 724.54 | 754.08 | 800.29 | 829.83 | 876.04 |
Camarilla | 749.93 | 756.87 | 763.82 | 770.76 | 777.70 | 784.65 | 791.59 |
Woodie | 657.14 | 682.50 | 732.89 | 758.25 | 808.64 | 834.00 | 884.39 |
Fibonacci | 678.33 | 707.26 | 725.14 | 754.08 | 783.01 | 800.89 | 829.83 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 606.31 | 642.05 | 685.85 | 721.59 | 765.39 | 801.13 | 844.93 |
Camarilla | 707.77 | 715.06 | 722.35 | 729.64 | 736.93 | 744.22 | 751.51 |
Woodie | 610.33 | 644.07 | 689.87 | 723.61 | 769.41 | 803.15 | 848.95 |
Fibonacci | 642.05 | 672.44 | 691.21 | 721.59 | 751.98 | 770.75 | 801.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 58.55 | |
MACD (12,26,9): | 5.4000 | |
Directional Movement: | 8.77 | |
AROON (14): | 50.00 | |
DEMA (21): | 739.80 | |
Parabolic SAR (0,02-0,02-0,2): | 694.44 | |
Elder Ray (13): | 19.35 | |
Super Trend (3,10): | 715.25 | |
Zig ZAG (10): | 759.93 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 81.60 | |
TEMA (21): | 751.45 | |
Williams %R (14): | -22.65 | |
Chande Momentum Oscillator (20): | 54.18 | |
Repulse (5,40,3): | -0.2300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0500 | |
Courbe Coppock: | 4.60 |
MA7: | 748.50 | |
MA20: | 731.63 | |
MA50: | 742.51 | |
MA100: | 759.82 | |
MAexp7: | 749.98 | |
MAexp20: | 736.58 | |
MAexp50: | 740.45 | |
MAexp100: | 743.06 | |
Price / MA7: | +1.62% | |
Price / MA20: | +3.97% | |
Price / MA50: | +2.44% | |
Price / MA100: | +0.11% | |
Price / MAexp7: | +1.42% | |
Price / MAexp20: | +3.27% | |
Price / MAexp50: | +2.73% | |
Price / MAexp100: | +2.37% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on EQUINIX INC.. At the time of publication of this analysis, the latest news was as follows:
- Equinix Named a Leader in 2023 IDC MarketScape Report for Worldwide Datacenter Services
- Lumen takes Network-as-a-Service to the next level with Equinix
- Equinix Increases Quarterly Dividend on Its Common Stock by 25 Percent
- Equinix Reports Third-Quarter 2023 Results
- MEDIA ALERT: Equinix Sets Conference Call for Third-Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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