We assign a technical rating of 9 out of 10 to EQX. Both in the recent history as in the last year, EQX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, EQX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.82. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EQX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.30
We found 4 important support areas.
- Support @14.12 from a trend line in the daily time frame.
- A support zone ranging from 13.69 to 13.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.27 to 13.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.40 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.82 to 14.91. 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 | 95.66 | POSITIVE | EQX has a high relative strength, it outperformed 95.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EQX is below a declining 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) | 51.9 | NEUTRAL | The RSI value for EQX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests EQX has a negative trend. |
| Stochastics (14,3) | 63.98 | NEUTRAL | The Stochastics value for EQX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for EQX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.09 | NEGATIVE | The low ADX value for EQX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 14.92 | 14.11 | 0.81 (5.43%) | 18.42% |
| An entry @14.92. This is a Buy Stop order right above the resistance zone. | An exit @14.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.81 points, which is 5.43%. | When investing 18.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of EQX. Please evaluate whether better entry and exit points can be found.
- 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.
14.16
-0.48 (-3.28%)
EQUINOX GOLD CORP / EQX FAQ
What is the ChartMill technical rating of EQUINOX GOLD CORP (EQX) stock?
ChartMill assigns a technical rating of 9 / 10 to EQX.
What is the trend direction for EQX stock?
The current trend direction for EQUINOX GOLD CORP (EQX) is Bullish.
Can you provide the RSI signal for EQUINOX GOLD CORP?
EQUINOX GOLD CORP (EQX) has an RSI value of 51.8994. This indicates that the stock is currently neutral.
What is the MACD signal for EQUINOX GOLD CORP (EQX) stock?
The MACD indicator for EQUINOX GOLD CORP (EQX) has a value of -0.0732794, indicating a bearish trend.
What is the support and resistance level for EQX stock?
EQUINOX GOLD CORP (EQX) has a support level at 14.12 and a resistance level at 14.82. Check the full technical report for our detailed analysis of EQX support and resistance levels.