Technical analysis from Equity Trustees (EQT.AX.AX, ASX:EQT.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Equity Trustees
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Equity Trustees: Look for a long limit order entry @$21.1
Pivot Points /
Equity Trustees: Look for a long limit order entry @$21.1

Equity Trustees has broken the first resistance point ($21.1) [Bullish]. Look for a long limit order entry near this point. Exit price for EQT should be set @$21.3 & Stoploss for Equity Trustees should be set between $20.1 & $19.9

Volume for EQT has not surpassed the volume of the previous trading session
Volume /
Volume for EQT has not surpassed the volume of the previous trading session

[BEARISH]: Equity Trustees current volume downtrend in the first timeframe. Volume for EQT is1106 (-48.9).

Range Tod Vs Range Yest /
Expanding price range for EQT signalling buyers continue to be more eager

[BULLISH]: Equity Trusteesbuyers are increasingly eager. There has been 2 consecutive days of range increase for EQT adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.04 & the greatest daily price range this year has been $1.04. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 1x.

Commodity Channel Index /
Overbought levels have appreciated for Equity Trustees back to normal CCI levels

[NEUTRAL]: Equity Trustees current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 94. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 185.

Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for EQT

EQT: EOM Current Signal -> (1) 11 Jan: BEARISH EASY (2) 11 Jan: BEARISH HARD (3) 11 Jan: BEARISH EASY

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Simple Moving Average /
[Uptrend]: Recent trading for EQT indicates ST trend is likely to continue

EQT: SMA(5) Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BEARISH

Range for EQT has surpassed the range of the previous trading session
Price Range /
Range for EQT has surpassed the range of the previous trading session

EQT: Price Range Recent Trading -> (1) 11 Jan: 0.6 (2) 10 Jan: 0.48 (3) 09 Jan: 0

[Fake Day]: MFI indicator is up, volume is down for Equity Trustees
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Equity Trustees

Equity Trustees Currently is a confirmed Fake Day. MFI indicator is up, volume is down for EQT. Trend continuation possible for EQT from reduced trading activity.

Open Tod Vs Close Tod /
Equity Trustees: Buyers were in control all day.

[BULLISH STRONG]: Equity Trustees opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 31 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 11.9%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 12.5%.

MACD /
Equity Trustees: MACD oscillator (0.093000)

[BULLISH CROSSOVER]: Equity Trustees currently has positive MACD of 0.093000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.3%.

Close Tod Vs Range Tod /
Currently this quarter, closing price for EQT has spent 8 days in the upper price range

[BULLISH]: Equity Trustees buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Equity Trustees adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 122 trading days with the closing price in the upper part of the range giving a confirmation ratio of 46.7%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 6 days in the lower range giving a ratio of 1.3x.

The SWMA trend following signal is still current for Equity Trustees [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Equity Trustees [Bullish]

[BULLISH]: Equity Trustees currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 2%.

Price for EQT has opened weaker than close of the previous trading session
Opening Price /
Price for EQT has opened weaker than close of the previous trading session

[BEARISH]: Equity Trustees opening price has gapped down. Currently, the OPEN is $20.3 (-1.9 %).

MACD Volume /
Negative momentum on the Volume MACD histogram for EQT has been confirmed & supports a bearish move is likely

[BEARISH CROSSOVER]: Equity Trustees currently has negative Volume MACD of -574. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Average True Range /
Daily trading has confirmed an ATR uptrend (0.439) for Equity Trustees

EQT: Average True Range Recent Trading -> (1) 11 Jan: 0.439 (2) 11 Jan: 0.024 (3) 11 Jan: 0.091

Closing Price /
Equity Trustees: Daily performance is 2 % [Uptrend]

[BULLISH]: Equity Trustees current uptrend in the first timeframe. Currently, the Close is $20.9.

Buyers are now keener than sellers for Equity Trustees & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Equity Trustees & are driving the price up.

[BULLISH]: Equity Trusteesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for EQT adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4 & the greatest daily positive change this year has been 4. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 7.7%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 4%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 2.7%

Initiation of overbought signal for Equity Trustees [Bearish Crossover]
Relative Strength Index /
Initiation of overbought signal for Equity Trustees [Bearish Crossover]

[BEARISH]: Equity Trustees is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @70.1338

Percentage Volume /
Volume for Equity Trustees continues to lose momentum @-37.1)

[BEARISH]: Equity Trustees currently has negative PVO -37.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.3%.

Woodie Pivot Point /
Equity Trustees: Look for a long limit order entry @$21.2

Equity Trustees has broken the first Woodie resistance point ($21.2) [Bullish]. Look for a long limit order entry near this point. Exit price for EQT should be set @$21.35 & Stoploss for Equity Trustees should be set at $20.15

Detrended Price Oscillator /
Price is currently above the displaced moving average for EQT [Bullish]

[BULLISH]: Equity Trustees currently has a confirmed uptrend. Price is currently above the displaced moving average for EQTCurrently, the return on DPO20 is 2%.

Stochastic Oscillator /
Equity Trustees is no longer overbought [Neutral]

[BEARISH]: Equity Trustees is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Equity Trustees: Rate of Change (7.179)
Rate of Change /
Equity Trustees: Rate of Change (7.179)

[BULLISH]: Equity Trustees currently has positive rate of change of 7.2%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

EQT Basic Candle: White Marubozu
White Marubozu /
EQT Basic Candle: White Marubozu

[BULLISH]: Equity Trustees has formed a White Marubozu candlestick. This means, EQT has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Close Reversal /
A short term Close Reversal has formed with Equity Trustees

EQT: Bar Reversal Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

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