EQUINIX INC. - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 747.03 USD
My targets
762.11 USD (+0.70%)
784.47 USD (+3.65%)
My analysis
EQUINIX INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 747.03 USD. The next resistance located at 762.11 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 784.47 USD. After this resistance, buyers could then target 808.60 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EQUINIX INC. price is 756.82 USD. On the day, this instrument lost -0.11% with the lowest point at 755.45 USD and the highest point at 770.32 USD. The deviation from the price is +0.18% for the low point and -1.75% for the high point.755.45
770.32
756.82
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of EQUINIX INC. in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 3 are bullish, 10 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 715.41 | 736.88 | 747.03 | 756.82 | 762.11 | 784.47 | 808.60 |
| Change (%) | -5.47% | -2.63% | -1.29% | - | +0.70% | +3.65% | +6.84% |
| Change | -41.41 | -19.94 | -9.79 | - | +5.29 | +27.65 | +51.78 |
| Level | Minor | Major | Minor | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 721.24 | 737.05 | 747.37 | 763.18 | 773.50 | 789.31 | 799.63 |
| Camarilla | 750.49 | 752.89 | 755.29 | 757.68 | 760.08 | 762.47 | 764.87 |
| Woodie | 718.49 | 735.68 | 744.62 | 761.81 | 770.75 | 787.94 | 796.88 |
| Fibonacci | 737.05 | 747.04 | 753.20 | 763.18 | 773.17 | 779.33 | 789.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 578.69 | 631.41 | 694.55 | 747.27 | 810.41 | 863.13 | 926.27 |
| Camarilla | 725.82 | 736.44 | 747.06 | 757.68 | 768.30 | 778.92 | 789.54 |
| Woodie | 583.89 | 634.02 | 699.75 | 749.88 | 815.61 | 865.74 | 931.47 |
| Fibonacci | 631.41 | 675.67 | 703.02 | 747.27 | 791.53 | 818.88 | 863.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 549.07 | 627.78 | 669.44 | 748.15 | 789.81 | 868.52 | 910.18 |
| Camarilla | 678.01 | 689.04 | 700.08 | 711.11 | 722.14 | 733.18 | 744.21 |
| Woodie | 530.56 | 618.52 | 650.93 | 738.89 | 771.30 | 859.26 | 891.67 |
| Fibonacci | 627.78 | 673.76 | 702.17 | 748.15 | 794.13 | 822.54 | 868.52 |
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): | 56.97 | |
| MACD (12,26,9): | 11.3300 | |
| Directional Movement: | 9.66 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 767.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 716.14 | |
| Elder Ray (13): | -0.47 | |
| Super Trend (3,10): | 733.45 | |
| Zig ZAG (10): | 755.55 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 22.45 | |
| TEMA (21): | 770.15 | |
| Williams %R (14): | -88.56 | |
| Chande Momentum Oscillator (20): | -14.88 | |
| Repulse (5,40,3): | -1.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 4.48 |
| MA7: | 726.32 | |
| MA20: | 731.19 | |
| MA50: | 789.90 | |
| MA100: | 807.83 | |
| MAexp7: | 759.20 | |
| MAexp20: | 751.50 | |
| MAexp50: | 735.10 | |
| MAexp100: | 733.40 | |
| Price / MA7: | +4.20% | |
| Price / MA20: | +3.51% | |
| Price / MA50: | -4.19% | |
| Price / MA100: | -6.31% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +2.95% | |
| Price / MAexp100: | +3.19% |
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:
- EQIX Investors Have Opportunity to Lead Equinix, Inc. Securities Fraud Lawsuit
- Equinix, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - EQIX
- EQIX Investors Have Opportunity to Lead Equinix, Inc. Securities Fraud Lawsuit
- Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Equinix, Inc.
- EQIX LAWSUIT ALERT: The Gross Law Firm Notifies Equinix, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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