Equinix Inc

EQIX is in a Stage 4 decline with a clear lower highs and lower lows structure and price trading below the declining 9- and 20-day EMAs. The medium-term bias is bearish, justifying sell-side engagement now, despite extreme oversold conditions that may provoke short-lived bounces likely to fail at EMA resistance.

• ↑Q1 revenue $2.4B (+8% YoY) with adjusted EBITDA $1.2B (51% margin, +13% YoY).
• ↑Recurring revenue hit $2.3B (+10% YoY), bolstering cash flow predictability.
• ↓Negative earnings yield signals potential overvaluation and return shortfalls.