EQT Corporation (NYSE: EQT) displays a strong weekly bullish sequence. This structure drove the stock to new all-time highs. Today, we explore the Elliott Wave pattern behind this move. Our analysis highlights potential paths and targets for continued momentum.
Elliott Wave Analysis
EQT Corporation completed an impulsive five-wave advance from its 2023 low. Wave I peaked at $61.02. Subsequently, Wave II corrected to $48.47. Then, the stock resumed its rally in Wave III, breaking into new highs.
EQT already holds an incomplete bullish sequence from its 2020 low. The recent break to new all-time highs opened another bullish sequence within the grand super cycle. Specifically, the stock shows three swings from all-time lows into new highs.
This development supports a strong bullish trend. Momentum is building for further acceleration. The initial $76 target marks only the first step. Ideally, the stock should extend beyond the $105 Fibonacci 1.618 extension as the impulsive structure develops further.
EQT Weekly Chart 3.23.2026
Conclusion
EQT’s bullish cycle suggests further continuation toward the $100 milestone. Consequently, investors should target buying opportunities within weekly and daily pullbacks. Utilize our Elliott Wave strategy for precise entry timing. Specifically, establish positions after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system highlights high-probability zones with pinpoint accuracy. As a result, this disciplined method provides traders with clarity and confidence. Ultimately, it positions you to capture the next bullish leg.
.Source: https://elliottwave-forecast.com/stock-market/eqt-sets-sights-on-100/