EQUINOX GOLD CORP (EQX) Stock Technical Analysis
NYSEARCA:EQX - NYSE Arca - CA29446Y5020 - Common Stock - Currency: USD
Taking everything into account, EQX scores 1 out of 10 in our technical rating. EQX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, EQX is a bad performer in the overall market: 63% of all stocks are doing better.
EQX is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 69% are performing better than EQX.
EQX has an average volume of 15305700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
EQX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQX is lagging the market.
In the last month EQX has a been trading in the 5.61 - 6.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of EQX is bad and it also does not present a 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
7.23
3 important support areas can be observed.
- A support zone ranging from 5.67 to 5.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.35 from a trend line in the weekly time frame.
- Support @5.12 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.30 to 6.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.01 to 7.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @7.16 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 | NEUTRAL | NEUTRAL | The short term trend for EQX is neutral. |
| ChartMill Relative Strength | 37 | NEUTRAL | EQX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EQX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EQX is below 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) | 54.21 | NEUTRAL | The RSI value for EQX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EQX has a positive trend. |
| Stochastics (14,3) | 83.82 | OVERBOUGHT | The high Stochastics value suggests EQX may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for EQX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for EQX suggests a possible start of a new 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)
6.29
+0.06 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.96%
1 Week6.61%
2 Weeks10.74%
1 Month-3.82%
3 Month-10.27%
6 Month7.71%
12 Month13.33%
2 Year19.35%
3 Year41.03%
5 Year-47.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%3.5%
ATR Inc-12.49%
Range Today0.12
ADR(20)0.2
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37
Mansfield-0.34
10 Day High6.38
10 Day Low5.64
20 Day High6.74
20 Day Low5.61
52 Week High7.45
52 Week Low4.48
CS1 End5.74
CR1 Start6.3
Volume & EV
DER(3)2.72%
DER(5)2.83%
Volume12.54M
Volume Incr-9.68%
Vol(5)15.80M
Vol(50)15.31M