EQUINOX GOLD CORP (EQX) Stock Technical Analysis
USA - NYSEARCA:EQX - CA29446Y5020 - Common Stock
12.02 USD
-0.7 (-5.5%)
12.02 USD
0 (0%)
We assign a technical rating of 9 out of 10 to EQX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EQX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
EQX is one of the better performing stocks in the Metals & Mining industry, it outperforms 76% of 156 stocks in the same industry.
EQX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EQX is lagging the market slightly.
EQX has an average volume of 16899500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EQX is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month EQX has a been trading in the 10.35 - 12.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although EQX has an excellent technical rating, it does not offer a high quality setup 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
12.86
3 important support areas can be observed.
- Support @10.88 from a horizontal line in the daily time frame.
- Support @5.67 from a horizontal line in the daily time frame.
- Support @5.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.71 to 12.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for EQX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQX is up. |
| ChartMill Relative Strength | 96.7 | POSITIVE | EQX has a high relative strength, it outperformed 96.7% 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) | UP | POSITIVE | The current price of EQX is above the rising 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) | 71.53 | OVERBOUGHT | The high RSI value suggests EQX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EQX has a positive trend. |
| Stochastics (14,3) | 86.79 | OVERBOUGHT | The high Stochastics value suggests EQX may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for EQX suggests some volalility. |
| Average Directional Index/ADX (14) | 52.05 | POSITIVE | The high ADX value value for EQX suggests a strong 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)
12.02
-0.7 (-5.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-5.5%
1 Week10.8%
2 Weeks16.38%
1 Month22.31%
3 Month102.55%
6 Month81.46%
12 Month121.22%
2 Year189.09%
3 Year283.13%
5 Year19.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%3.96%
ATR Inc27.27%
Range Today0.72
ADR(20)0.45
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.7
Mansfield6.8
10 Day High12.93
10 Day Low10.76
20 Day High12.93
20 Day Low10.35
52 Week High12.93
52 Week Low4.95
CS1 End10.88
CR1 StartN/A
Volume & EV
DER(3)-2.65%
DER(5)-3.82%
Volume16.14M
Volume Incr-14.23%
Vol(5)15.93M
Vol(50)16.90M