Based on good technical signals, EQUITABLE HOLDINGS INC is potentially setting up for a breakout.

Our stock screener has flagged EQUITABLE HOLDINGS INC (NYSE:EQH) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:EQH for potential movement.

Analyzing the Technical Aspects

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 10 out of 10 to EQH. Both in the recent history as in the last year, EQH has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, EQH did better than 92% of all other stocks. On top of that, EQH also shows a nice and consistent pattern of rising prices.
• EQH is part of the Financial Services industry. There are 101 other stocks in this industry. EQH outperforms 88% of them.
• EQH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month EQH has a been trading in a tight range between 39.71 and 41.64.

Our latest full technical report of EQH contains the most current technical analsysis.

How does the Setup look for NYSE:EQH

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:EQH exhibits a 9 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, EQH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 41.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EQH in the last couple of days, which is a good sign.

Trading setups like NYSE:EQH

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.