Equifax Plunges 5% As Technical Breakdown Accelerates Bearish Momentum

Equifax (EFX) declined 4.98% in the most recent session, closing at 234.03 after trading between 233.74 and 243.28 on elevated volume of 1.56 million shares. This bearish momentum punctuates a broader technical deterioration evident across multiple indicators.
Candlestick Theory
Recent sessions reveal a breakdown pattern following the 2025-08-22 bullish engulfing candle that peaked at 257.21. The subsequent formation of consecutive lower highs and lower lows culminated in a decisive bearish marubozu on 2025-09-02, where price closed near its low after breaching the psychological 235 support zone. This establishes 233.74 as critical near-term support, while resistance converges at the 243.28–246.44 range from recent highs.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages exhibit a bearish alignment with the 50-day below both longer-term averages. Current price trades materially below all three averages—indicating entrenched bearish control. The sustained deviation beneath the 200-day MA (approximately 260) since late July underscores a structural downtrend, with MA confluences near 250–255 now serving as dynamic resistance.
MACD & KDJ Indicators
MACD maintains a bearish trajectory with its signal line diverging further below the zero line, suggesting accelerating downward momentum. Concurrently, KDJ oscillators reflect deeply oversold conditions (K-line: sub-10), though without positive divergence. This combination implies that while short-term exhaustion is possible, the primary trend lacks reversal confirmation.
Bollinger Bands
The bands expanded sharply during the 2025-09-02 sell-off, reflecting volatility surge. Price closed near the lower band, historically a precursor to technical bounces. However, the absence of preceding consolidation (no "squeeze") reduces the reliability of this signal. Any rebound faces immediate resistance at the 20-period midline near 245.
Volume-Price Relationship
Distribution patterns emerge with higher volume accompanying down days—notably the 2.44M shares traded during the 2025-07-22 breakdown (-8.18%) and the recent 1.56M volume capitulation. Conversely, rally attempts like the 2025-08-13 advance (+5.11%) showed weaker volume commitment. This divergence confirms sellers dominate price discovery, diminishing sustainability of any recovery.
Relative Strength Index (RSI)
The 14-day RSI now reads 24, formally oversold. While such levels typically precede relief rallies, its warning function is attenuated by the absence of bullish divergence and strong trend confirmation from other indicators. The RSI has remained below 50 since late July, validating bearish momentum persistence despite short-term extremes.
Fibonacci Retracement
Using the 2025-05-20 peak (281.02) and recent trough (233.74), key retracement levels emerge: 245.32 (23.6%), 251.78 (38.2%), and 257.38 (50%). Current price sits below all retracement thresholds, with the 23.6% level aligning precisely with overhead resistance from the 50-day MA and August support breaks—reinforcing 245 as a critical technical barrier.
Confluence and Divergence
Notable confluence exists around 245, where Fibonacci resistance, the 50-day MA, prior support, and Bollinger midline converge. This cluster likely caps relief rallies without a volume catalyst. The primary divergence lies between oversold oscillators (RSI, KDJ) and trend-confirming indicators (MACD, volume)—highlighting tension between short-term exhaustion signals and persistent bearish momentum. Overall technical architecture favors trend continuation, with breach of 233.74 potentially accelerating declines toward the 215–220 demand zone established in April 2025.