EQUINOX GOLD CORP (EQX) Stock Technical Analysis
USA - NYSEARCA:EQX - CA29446Y5020 - Common Stock
10.8 USD
+0.4 (+3.85%)
10.69 USD
-0.11 (-1.02%)
Overall EQX gets a technical rating of 9 out of 10. 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 part of the Metals & Mining industry. There are 156 other stocks in this industry. EQX outperforms 76% of them.
EQX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
EQX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
EQX has an average volume of 15577800 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 94% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, EQX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.07
10.91
When analyzing the support we can see 6 important areas.
- A support zone ranging from 10.39 to 10.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.62 from a trend line in the daily time frame.
- Support @6.02 from a trend line in the daily time frame.
- Support @5.92 from a trend line in the weekly 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.
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 | 94.61 | POSITIVE | EQX has a high relative strength, it outperformed 94.61% 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) | 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) | 74.4 | OVERBOUGHT | The high RSI value suggests EQX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EQX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.39 | NEUTRAL | The Stochastics value for EQX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for EQX suggests some volalility. |
| Average Directional Index/ADX (14) | 57.86 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.12 | 10.38 | 0.73 (6.61%) | 15.12% |
| An entry @11.12. This is a Buy Stop order right above the 10 day high. | An exit @10.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.73 points, which is 6.61%. | When investing 15.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.8
+0.4 (+3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.85%
1 Week1.79%
2 Weeks10.43%
1 Month36.71%
3 Month79.7%
6 Month57.89%
12 Month77.05%
2 Year155.32%
3 Year195.89%
5 Year-7.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%3.67%
ATR Inc-25.13%
Range Today0.46
ADR(20)0.38
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.61
Mansfield4.93
10 Day High11.11
10 Day Low9.76
20 Day High11.11
20 Day Low7.77
52 Week High11.11
52 Week Low4.95
CS1 End10.52
CR1 StartN/A
Volume & EV
DER(3)-0.28%
DER(5)1.07%
Volume67.99M
Volume Incr86.19%
Vol(5)28.49M
Vol(50)15.58M