Stocks

Equinix is neutral

2024-05-24

Our pivot point stands at 830.

Our preference

Short term technical rebound towards 830 before a new drop.

Alternative scenario

Above 830, look for 883 and 914.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the share stands above its 20 day moving average (750.196) but below its 50 day moving average (773.3164).

Supports and resistances

914 **

883 *

830 **

809

767.53 (USD-last)

706

675 **

644 *

614 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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