EGP chart pattern — EastGroup Properties
2 formations detected on the latest close (Nov 06, 2026).
Rectangle / Trading Range · Daily candles
A flat ceiling and a flat floor — price simply oscillating between two well-defended prices. Trigger: A close outside the box. The taller and better-tested the box, the more the break matters. Invalidation: Price re-entering the box after the break, which turns the move into a false breakout.
Descending Triangle · Weekly candles
A flat floor with a falling ceiling — sellers accepting less each time until the support gives way. Trigger: A daily close below the flat support line, usually with a clear pickup in volume. Invalidation: A close back above the falling resistance line, which says the sequence of lower highs has ended.
Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.