Equinox Gold is down a bit on the day, funds flowing out kept the price down -1.64% since yesterday. It looks like EQX may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line EQX is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. Equinox Gold has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.
If the price breaks through the resistance level it will probably move up to the $7.15 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $6.1 it may head back up from there or break lower.
The analysts are pretty neutral on Equinox Gold right now, so not much useful information here. The current Analysts Sentiment Score is 0.54. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Desjardins upgraded from Hold to Buy on 2024-01-30. On 2024-01-03 there was confirmation of the previous rating by National Bank Financial which was Sector Perform Spec Overwgt. Royal Bank of Canada announced an upgrade on 2023-09-12 from Underperform to Sector Perform.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| EQX | 0.54 | 1.08 | 0 | 0 | 0 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| EQX | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| EQX | 7.94 | %5.6 | 7.4 | 43.692 | 16090000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| EQX |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | Pan American Silver Corp. | 1.67 | 1.45 | -1.78 | 5.96 | 24.56 | 20.51 | 64.47 | 53 | 32.41 | 30.85 | 43.31 | -461.50 | -30213.67 | 0 | 0 | 10.755 |
| GOLD | Barrick Gold Corp. | 1.65 | -1.27 | -0.77 | 5.15 | 25.23 | -4.38 | 12.98 | 62 | 7.46 | 5.18 | 6.99 | 172.89 | -5677.84 | 0 | 0 | 2.50877 |
| EGO | Eldorado Gold Corporation | 1.52 | 1.82 | 7.50 | 25.14 | 17.35 | 1.82 | 21.33 | 80 | -1.78 | -6.32 | -13.00 | -239.33 | -17342.08 | 150 | 0 | 3.43055 |
| SAND | Sandstorm Gold Ltd | 1.49 | 0.00 | -2.09 | 17.95 | 33.99 | 23.80 | 38.96 | 90 | 28.85 | 17.65 | 24.30 | 0.00 | -23608.29 | 150 | 0 | 3.32634 |
| OR | Osisko Gold Royalties Ltd | 1.48 | 0.38 | -0.61 | 12.58 | 15.80 | 12.52 | 28.15 | 73 | 10.60 | 12.28 | 19.28 | 167.96 | -23447.89 | 150 | 0 | 2.75559 |
| AEM | Agnico Eagle Mines Ltd. | 1.46 | -0.66 | -0.28 | 9.86 | 34.99 | 31.37 | 76.86 | 71 | 109.25 | 66.18 | 109.26 | 0.00 | -46508.61 | 0 | 0 | 2.13615 |
| SA | Seabridge Gold, Inc. | 1.44 | -1.92 | -8.48 | -1.75 | -4.34 | -34.10 | -30.68 | 52 | -12.81 | -33.61 | -35.25 | -17034.78 | -2836.60 | 0 | 0 | 6.49592 |
| SSRM | SSR Mining Inc. | 1.44 | 0.10 | -10.79 | -1.48 | 39.86 | 71.53 | 110.53 | 57 | 265.74 | 110.74 | 74.88 | 146.36 | -21006.71 | 0 | 0 | 4.72171 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
