EQUINOX GOLD CORP (EQX) Stock Technical Analysis
USA - NYSEARCA:EQX - CA29446Y5020 - Common Stock
We assign a technical rating of 10 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.
Although EQX has an excellent technical rating, it does not present a decent entry opportunity 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
4 important support areas can be observed.
- A support zone ranging from 10.89 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.40 from a horizontal line in the daily time frame.
- Support @5.69 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 | 96.92 | POSITIVE | EQX has a high relative strength, it outperformed 96.92% 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) | 63.79 | NEUTRAL | The RSI value for EQX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests EQX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.07 | OVERBOUGHT | The high Stochastics value suggests EQX may be overbought. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for EQX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.89 | POSITIVE | The high ADX value value for EQX suggests a strong trend. |
12.75
-0.23 (-1.77%)
EQUINOX GOLD CORP / EQX FAQ
What is the ChartMill technical rating of EQUINOX GOLD CORP (EQX) stock?
ChartMill assigns a technical rating of 10 / 10 to EQX.
What is the current trend direction of EQUINOX GOLD CORP (EQX) stock?
The current trend direction for EQUINOX GOLD CORP (EQX) is Bullish.
What is the RSI signal for EQX stock?
EQUINOX GOLD CORP (EQX) has an RSI value of 63.7912. This indicates that the stock is currently neutral.
What is the MACD signal for EQX stock?
The MACD indicator for EQUINOX GOLD CORP (EQX) has a value of 0.189214, indicating a bearish trend.
Can you provide the buy/sell signal for EQUINOX GOLD CORP?
The buy/sell signal for EQUINOX GOLD CORP (EQX) is buy as both the short term and long term trends are positive.