EQUITABLE HOLDINGS INC (NYSE:EQH) is setting up nicely for a breakout.

Our stock screener has spotted EQUITABLE HOLDINGS INC (NYSE:EQH) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:EQH.

In-Depth Technical Analysis of NYSE:EQH

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, EQH scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EQH is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that EQH is one of the better performing stocks in the market, outperforming 94% of all 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 96% of them.
• EQH is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EQH is leading the market.
• In the last month EQH has a been trading in the 51.32 - 56.00 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been consolidating recently, this may present a good entry opportunity.

For an up to date full technical analysis you can check the technical report of EQH

Looking at the Setup

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:EQH this score is currently 9:

Besides having an excellent technical rating, EQH also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 55.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.37, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NYSE:EQH

One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

More breakout setups can be found in our Breakout screener.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.