EFX DCA - Inverted H&S Company: Equifax Inc.
Ticker: EFX
Exchange: NYSE
Sector: Industrials
Introduction:
Hello, and welcome to this technical analysis! Today, we're exploring the daily chart of Equifax Inc. on the NYSE. We observe an intriguing pattern within a pattern: a shorter-term head and shoulders continuation pattern nested within a longer-term inverted head and shoulders formation.
Inverted Head and Shoulders Pattern:
An inverted head and shoulders pattern is typically recognized as a bullish reversal pattern, often signaling a transition from a downtrend to an uptrend.
Analysis:
Equifax's price action has been forming an inverted head and shoulders over the past 411 days. The horizontal neckline, which currently acts as resistance, is around $223.50. Despite the lack of symmetry between the shoulders, the right shoulder being higher than the left is often considered a positive sign.
Interestingly, the right shoulder itself contains a shorter-term head and shoulders continuation pattern that has been forming for about 188 days. It's worth noting that the price remains above the 200 EMA.
Aggressive traders could have already positioned themselves with the break of the right shoulder at the head and shoulders, but for the conservative ones, we are patiently waiting for a break above the horizontal neckline.
The price target for the inverted head and shoulders pattern is $300.84, which represents an approximate increase of 34.58%. Meanwhile, the shorter-term pattern suggests a price target of $257, or around a 22.77% increase.
Conclusion:
The daily chart of Equifax Inc. presents an intriguing situation where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders. A confirmed breakout above the neckline could signal a bullish reversal and offer a promising long position entry.
As always, it's crucial to perform your own due diligence and employ suitable risk management strategies before making any investment decisions.
Thank you for tuning into this analysis. Please remember to like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
Equifax
EFX, Equifax Inc. - Potential breakout on RectangleNYSE:EFX
A clear rectangle pattern that is being completed after more than four years of retesting the level of support and resistance.
We're waiting for a continuation or reversal breakout.
In the meantime we set the alerts to 150 and 88.
Profitable trading does not depend on having the perfect indicators, oscillators, trading system.
It is you who must be systematic and disciplined in your operations.
Stay Tuned!
Capital One data breach means nothing - BullFundamental Analysis
It appears Capital One isn’t the only company affected by this--it’s just the first company to publicly acknowledge it has been hacked and the most proactive in addressing the security situation. Meaning... as soon as other companies report the same, they will get the bad attention.
Because of the breach they will lose $150M-300M, which is nothing for this size of a bank.
The real impact might be more of sentiment towards the stock though.
Equifax very recently had a much more significant breach, and the stock just brushed it off.
Technical Analysis
Watch the SMA(50) as support.
OBV and RSI=52, did not reach dangerous levels on this drop.
MACD did cross below the signal, but it is on its way up.
Surge in EquifaxBased on the stronger upward trend in the lows since the breach, after the tip of the triangle is met, I believe the stock will surge to around 225.
I am supporting this analysis by the following:
-the stochastics just crossed
-MACD looks like it is going to cross soon
-There was already a slight dip in the RSI
This is my first chart so let me know where (if) I can improve!
EFX- equifax dead cat bounce overEFX after multi day bounce off its news we had an exhaustiong gap today. watching for this stock to go red on the day and crack support on 60minute chart and will initiate short position for the next couple days. Ideally a green to red move today will trigger. I an not in yet! Need this to trigger.