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Equity Residential (EQR) Stock: What Does the Chart Say Monday?

Monday, September 26, 2022 12:26 PM | InvestorsObserver Analysts
Equity Residential (EQR) Stock: What Does the Chart Say Monday?

Overall market sentiment has been down on Equity Residential (EQR) stock lately. EQR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Equity Residential has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EQR!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EQR Stock Today?

Equity Residential (EQR) stock is trading at $66.27 as of 12:10 PM on Monday, Sep 26, a loss of -$2.09, or -3.06% from the previous closing price of $68.36. The stock has traded between $65.94 and $68.11 so far today. Volume today is below average. So far 516,337 shares have traded compared to average volume of 1,281,791 shares. To screen for more stocks like Equity Residential click here.

More About Equity Residential

Equity Residential owns a portfolio of 310 apartment communities with around 80,000 units and is developing three additional properties with 1,136 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston. Click Here to get the full Stock Report for Equity Residential stock.

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