EQUINOX GOLD CORP (EQX) Stock Technical Analysis
NYSEARCA:EQX - NYSE Arca - CA29446Y5020 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to EQX. In the last year, EQX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EQX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EQX is performing more or less in line with the market.
In the last month EQX has a been trading in the 5.85 - 6.92 range, which is quite wide. It is currently trading near the high of this range.
EQX has an average volume of 12700800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, EQX did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EQX is part of the Metals & Mining industry. There are 154 other stocks in this industry, EQX did better than 57% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EQX has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.07
7.36
We found 5 important support areas.
- A support zone ranging from 5.96 to 6.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.67 from a horizontal line in the daily time frame.
- Support @5.56 from a trend line in the weekly time frame.
- Support @5.29 from a trend line in the weekly time frame.
- Support @5.12 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @7.16 from a horizontal line in the daily time frame.
- Resistance @7.29 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EQX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQX is up. |
| ChartMill Relative Strength | 81.61 | POSITIVE | EQX has a high relative strength, it outperformed 81.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EQX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EQX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.6 | NEUTRAL | The RSI value for EQX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EQX has a positive trend. |
| Stochastics (14,3) | 73.52 | NEUTRAL | The Stochastics value for EQX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for EQX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for EQX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.72
+0.16 (+2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.44%
1 Week12.56%
2 Weeks4.35%
1 Month0.15%
3 Month-1.47%
6 Month17.89%
12 Month20.65%
2 Year42.98%
3 Year15.07%
5 Year-27.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.94%
ATR Inc-22.12%
Range Today0.25
ADR(20)0.21
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.61
Mansfield1.18
10 Day High6.85
10 Day Low5.85
20 Day High6.92
20 Day Low5.85
52 Week High7.45
52 Week Low4.48
CS1 End6.03
CR1 Start7.16
Volume & EV
DER(3)4.67%
DER(5)7.66%
Volume15.61M
Volume Incr-16.25%
Vol(5)10.26M
Vol(50)12.70M