Is it Time to Dump Equity Residential (EQR) Stock After it Is Higher By 2.23% in a Week?

The market has been down on Equity Residential (EQR) stock recently. EQR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 $58.10 as of 2:10 PM on Friday, Dec 1, a gain of $1.26, or 2.22% from the previous closing price of $56.84. The stock has traded between $56.81 and $58.39 so far today. Volume today is less active than usual. So far 1,158,590 shares have traded compared to average volume of 2,376,494 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.