EASTGROUP PROPERTIES INC (EGP) Stock Technical Analysis
NYSE:EGP - New York Stock Exchange, Inc. - US2772761019 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to EGP. EGP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When compared to the yearly performance of all other stocks, EGP outperforms 61% of them, which is more or less in line with the market.
EGP is part of the Diversified REITs industry. There are 130 other stocks in this industry, EGP did better than 60% of them.
EGP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month EGP has a been trading in the 137.67 - 179.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, EGP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 160.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 157.02, a Stop Loss order could be placed below this zone.
More info and screens
153.50
193.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 160.48 to 162.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 155.05 to 157.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 184.43 to 185.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @191.34 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.17
Mansfield-0.25
10 Day High163.35
10 Day Low137.67
20 Day High179.56
20 Day Low137.67
52 Week High192.61
52 Week Low137.67
Performance
1 Week2.38%
2 Weeks10.46%
1 Month-8.41%
3 Month-5.44%
6 Month-9.1%
12 Month2.92%
2 Year-3.66%
3 Year-14.42%
5 Year51.39%
10 Year180.54%
15 Year292.54%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.56
RSI(14)45.02
LBB147.47
UBB165.99
162.92
+2.45 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.53%
1 Week2.38%
2 Weeks10.46%
1 Month-8.41%
3 Month-5.44%
6 Month-9.1%
12 Month2.92%
2 Year-3.66%
3 Year-14.42%
5 Year51.39%
10 Year180.54%
15 Year292.54%
Volatility
ATR(14)7.87
ATR(20)%4%
ATR Inc-44.98%
Range Today5.59
ADR(20)6.05
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.17
Mansfield-0.25
10 Day High163.35
10 Day Low137.67
20 Day High179.56
20 Day Low137.67
52 Week High192.61
52 Week Low137.67
CS1 End157.02
CR1 Start160.48
Volume & EV
DER(3)1.62%
DER(5)1.87%
Volume944.16K
Volume Incr-34.82%
Vol(5)414.12K
Vol(50)528.79K