EQT Energy Plummets as Bearish Momentum Intensifies Ranks 158th in Market Activity

On August 18, 2025, EQT Energy (EQT) closed at $50.50, marking a 4.45% decline with a trading range of $49.40–$51.10 and a volume of 10.79 million shares, ranking 158th in market activity. The stock broke below the $49.40 support level, confirming intensified bearish momentum. Technical indicators highlighted price below 50- and 100-day moving averages, a breach of the lower Bollinger Band, and MACD in negative territory. Key resistance levels were identified at $51.10 and $52.09 (Fibonacci 23.6%), while critical support rested near the 200-day MA ($49.35) and the psychological $49.00 level.

Price action revealed a long-bodied bearish candle that invalidated prior consolidation between $51.00 and $53.50. The breakdown aligned with elevated volume, suggesting strong distribution pressure. Moving averages reinforced short-term weakness, with the 200-day MA ($49.35) offering tentative support. The MACD’s negative territory and KDJ’s oversold reading (21.65) indicated persistent bearish bias, though oversold conditions hinted at potential near-term consolidation. Bollinger Band volatility expansion and volume-price alignment further validated the downward trend.

A strategy based on buying the top 500 stocks by daily trading volume and holding for one day yielded a total profit of $2,340 from 2022 to the present, achieving a cumulative return of 23.4%. While this suggests moderate performance, the results underscore the conservative nature of volume-driven trading approaches in the given timeframe.