Equinox Gold Corp Stock Technical Analysis
| EQX Stock | USD 5.72 0.24 4.38% |
As of the 22nd of November, Equinox Gold shows the Standard Deviation of 3.48, mean deviation of 2.48, and Variance of 12.14. Equinox Gold Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Equinox Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Equinox, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EquinoxEquinox |
Equinox Gold Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 6.2 | Buy | 9 | Odds |
Most Equinox analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Equinox stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Equinox Gold Corp, talking to its executives and customers, or listening to Equinox conference calls.
Equinox Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Equinox Gold Corp Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Equinox Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Equinox Gold Corp Trend Analysis
Use this graph to draw trend lines for Equinox Gold Corp. You can use it to identify possible trend reversals for Equinox Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Equinox Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Equinox Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Equinox Gold Corp applied against its price change over selected period. The best fit line has a slop of 0.0073 , which may imply that the returns on investment in Equinox Gold Corp will continue to fail. It has 122 observation points and a regression sum of squares at 2.0, which is the sum of squared deviations for the predicted Equinox Gold price change compared to its average price change.About Equinox Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Equinox Gold Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Equinox Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Equinox Gold Corp price pattern first instead of the macroeconomic environment surrounding Equinox Gold Corp. By analyzing Equinox Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Equinox Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Equinox Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 4.79 | 3.14 | 3.27 | 3.1 | PTB Ratio | 0.75 | 0.42 | 0.63 | 0.6 |
Equinox Gold November 22, 2024 Technical Indicators
Most technical analysis of Equinox help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Equinox from various momentum indicators to cycle indicators. When you analyze Equinox charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0065 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 2.48 | |||
| Coefficient Of Variation | (58,750) | |||
| Standard Deviation | 3.48 | |||
| Variance | 12.14 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 18.48 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 5.7 | |||
| Skewness | 0.7811 | |||
| Kurtosis | 1.91 |
Additional Tools for Equinox Stock Analysis
When running Equinox Gold's price analysis, check to measure Equinox Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equinox Gold is operating at the current time. Most of Equinox Gold's value examination focuses on studying past and present price action to predict the probability of Equinox Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinox Gold's price. Additionally, you may evaluate how the addition of Equinox Gold to your portfolios can decrease your overall portfolio volatility.