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$EQR (Eq Resources Limited) Price Analysis
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Penke

I guess you are interested in Eq Resources Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Eq Resources Limited’s Price Targets

I'm going to help you getting a better view of Eq Resources Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Eq Resources Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Eq Resources Limited. The general trend of Eq Resources Limited is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Eq Resources Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Eq Resources Limited Price Targets

1.1 sr

Score

Let's take a look at the sr of Eq Resources Limited.

  • The price is trading arround resistance levels. This can be considered as a potential exit level.
Eq Resources Limited Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Eq Resources Limited.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is leading the INTER, indicating positive trend alignment.
  • The SHORT is leading the LONG, indicating positive trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is leading the INTER, indicating positive trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows a strengthening upward trend.
  • Price action is supported by the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is supported by the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Eq Resources Limited Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Eq Resources Limited.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Eq Resources Limited.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Eq Resources Limited Daily macd ChartEq Resources Limited Daily macd Chart
2.3 dmi

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Let's take a look at the dmi of Eq Resources Limited.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • Directional bias is mildly bearish, but overall trend conditions remain weak and lack clear directional commitment.
Eq Resources Limited Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Eq Resources Limited.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Eq Resources Limited Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Eq Resources Limited. The current phase is Correction in bull market.

  • Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Momentum is improving as buying interest gradually strengthens.
Eq Resources Limited Daily rsi ChartEq Resources Limited Daily rsi Chart
3.2 stoch

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Let's take a look at the stoch of Eq Resources Limited. The current phase is Correction in bull market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Eq Resources Limited.
  • Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.
Eq Resources Limited Daily stoch ChartEq Resources Limited Daily stoch Chart
3.3 cci

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Let's take a look at the cci of Eq Resources Limited.

Eq Resources Limited Daily cci ChartEq Resources Limited Daily cci Chart
3.4 cmo

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Let's take a look at the cmo of Eq Resources Limited.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Eq Resources Limited Daily cmo ChartEq Resources Limited Daily cmo Chart
3.5 willr

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Let's take a look at the willr of Eq Resources Limited.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Eq Resources Limited Daily willr ChartEq Resources Limited Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Eq Resources Limited.

Eq Resources Limited Daily bb Chart
4.2 atr

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Let's take a look at the atr of Eq Resources Limited.

Eq Resources Limited Daily atr ChartEq Resources Limited Daily atr Chart

5. Volume Indicators

5.1 obv

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Let's take a look at the obv of Eq Resources Limited.

Eq Resources Limited Daily obv ChartEq Resources Limited Daily obv Chart
5.2 mfi

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Let's take a look at the mfi of Eq Resources Limited.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
Eq Resources Limited Daily mfi ChartEq Resources Limited Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Eq Resources Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Eq Resources Limited Daily Candlestick Chart
DateCandlestick Pattern
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Get notifications about Eq Resources Limited

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