October 13 Chart of the Day - Equifax

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Equifax (EFX) provides data analytics and technology services that help businesses make credit, risk, and identity decisions.

With earnings on deck, traders are watching closely to see whether the upcoming catalyst accelerates selling pressure or sets a higher low that could define the next trend leg.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 625+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, price continues to consolidate after a multi-year climb from the 2020 lows.

The longer-term structure remains intact, with higher highs and higher lows still visible, but the failure to reclaim the $260 area suggests that sellers continue to defend overhead resistance.

The upcoming earnings report could serve as the spark that decides whether price reclaims lost ground or tests deeper support levels near $200.

With plenty of volatility traders have had much to be happy with while investors have had mixed feelings.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

On the weekly chart, the most recent swing rejection below the descending trendline keeps momentum neutral to bearish in the short term.

Price is sitting just above previous support near $213, where buyers have previously stepped in to defend the longer-term trendline.

A confirmed higher low from this region could trigger a rally back toward $240, while a clean breakdown below $210 would expose lower levels and invite additional selling pressure.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

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