Equity Residential Shares Fall 6.8% Below Previous 52-Week Low

30 ott 2020

Equity Residential shares closed 6.8% lower than its previous 52 week low, giving the company a market cap of 19B. The stock is currently down 35.7% year-to-date, down 41.4% over the past 12 months, and down 20.0% over the past five years. This week, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 rose 1.1%.

Trading Activity
*Trading volume this week was 164.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.

Technical Indicators
*The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
The stock closed at 7.0% lower than its 5-day moving average, 12.1% lower than its 20-day moving average, and 15.8% lower than its 90-day moving average.

Analyst Sentiment
*Among analysts who cover the stock, there are currently 4 buy, 12 hold, and 5 sell recommendations
In aggregate, consensus analyst recommendation on the stock is an overweight
The current average analyst price target is $59.21 with a high of $77.00 and a low of $50.00

Market Comparative Performance
The company's share price beats the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price beats the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis

Peer Group Comparative Performance
The company's price-earnings ratio beats its average peer by 16.7%
The company's performance over the last 1 year beats its average peer by -15.4%

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