Hi,
Long story short, technically the price of EQNR has started to approach an interesting price level. A lot of criteria are matching and from my point of view, those who have waiting for an opportunity to jump in then you can slowly start building your position. Obviously, after you have done your homework about fundamentals - this, what I share here, is...
EQNR is in the end of a C wave which will most likely be at the 335 area.
According to the Elliott wave theory, at the end of the C wave, a new move will follow in the bigger trend. First we most likely will hit the 335 area to complete a 5 way move to the level of the end of 4th wave and 1,236 length of A wave)
Then we can expect the first impulsive move...
EQNR Daily Chart
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Looks like larger corrective W4 is in. Seeing some bearish divergence on the smaller degree, and could expect a pullback/rejection from upper TL..
Hope this helps!
The PEAD projected a bearish outlook for NYSE:EQNR after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Equinor is showing clear signs of Elliott Wave structure from it's ATH.
Tracking this as wave 4 still in progress, and will be looking for a correction of this downtrend upon completion of the fifth wave.
All in all, a simple roadmap on what to expect for the rest of the year.
The PEAD projected a bullish outlook for $EQNR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
SPY formed an insider bar and is now gapping to the upper PD high. Likely in the midst of a daily flag forming so not putting too much weigh on the insider bar.
EQNR - earnings miss PD day but lifted up by strength in the sector. Today, posting they have discovered a new oil field. Gapping over the key 31.60 pivot on elevated RVOL, above the monthly range, with...
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream &...
As you see on the chart we are in a downtrend so we will have a big probability of downtrend continuty after the breakout with force the support line by a big red candle with a large red volume. But, in other hand we could have a reversal trend (uptrend) after the breakout with force the vwap indicator and the resistance line by a big green candle with a large...
The PEAD projected a Bearish outlook for $EQNR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Created a double bottom base for ~5 months and is now breaking out with higher than average volume
* Not much else to say... it's a great looking chart ;)
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 6.09
Relative Strength vs. SP500:...
The PEAD projected a Bullish outlook for $EQNR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
Notes:
* Strong up trend
* Good earnings in the recent quarters
* Pays out a nice dividend
* Created a double bottom and is now moving up on the right side of its base
* Recently bounced off of its 50 day line
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 5.8
Relative Strength vs. SP500: 3.16
U/D Ratio: 1.16
Base Depth:...
Notes:
* Strong up trend since 2020 on all time frames
* Good earnings in the recent quarters
* Pays dividends
* Basing for the past ~5 months
* Showing signs of coming up as the Energy sector shows strength
* Came back above its 50 day line with higher than average volume
* Lots of accumulation recently
* Also printed a Pocket Pivot indicating institutional...
