EQUINOX GOLD CORP. - 1H - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
61%
6%
33%
My opinion
Bullish above 3.93 USD
My targets
4.28 USD (+4.06%)
4.32 USD (+5.11%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EQUINOX GOLD CORP. as long as the price remains well above 3.93 USD. The buyers' bullish objective is set at 4.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.32 USD. If there is any crossing, the next objective would be the resistance located at 4.94 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EQUINOX GOLD CORP. rating is 4.11 USD. The price is lower by -0.48% since the last closing and was between 4.03 USD and 4.15 USD. This implies that the price is at +1.99% from its lowest and at -0.96% from its highest.4.03
4.15
4.11
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EQUINOX GOLD CORP. chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.74 | 3.75 | 3.90 | 4.11 | 4.32 | 4.94 | 5.25 |
| Change (%) | -82.00% | -8.76% | -5.11% | - | +5.11% | +20.19% | +27.74% |
| Change | -3.37 | -0.36 | -0.21 | - | +0.21 | +0.83 | +1.14 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.92 | 3.98 | 4.05 | 4.11 | 4.18 | 4.24 | 4.31 |
| Camarilla | 4.09 | 4.11 | 4.12 | 4.13 | 4.14 | 4.15 | 4.17 |
| Woodie | 3.94 | 3.98 | 4.07 | 4.11 | 4.20 | 4.24 | 4.33 |
| Fibonacci | 3.98 | 4.03 | 4.06 | 4.11 | 4.16 | 4.19 | 4.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.58 | 3.77 | 3.93 | 4.12 | 4.28 | 4.47 | 4.63 |
| Camarilla | 3.98 | 4.02 | 4.05 | 4.08 | 4.11 | 4.14 | 4.18 |
| Woodie | 3.56 | 3.76 | 3.91 | 4.11 | 4.26 | 4.46 | 4.61 |
| Fibonacci | 3.77 | 3.91 | 3.99 | 4.12 | 4.26 | 4.34 | 4.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.85 | 3.15 | 3.79 | 5.09 | 5.73 | 7.03 | 7.67 |
| Camarilla | 3.91 | 4.08 | 4.26 | 4.44 | 4.62 | 4.80 | 4.97 |
| Woodie | 1.53 | 2.99 | 3.47 | 4.93 | 5.41 | 6.87 | 7.35 |
| Fibonacci | 3.15 | 3.89 | 4.35 | 5.09 | 5.83 | 6.29 | 7.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.22 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 6.81 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 4.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.91 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 4.19 | |
| Zig ZAG (10): | 4.11 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 72.09 | |
| TEMA (21): | 4.10 | |
| Williams %R (14): | -23.68 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.41 |
| MA7: | 4.10 | |
| MA20: | 4.21 | |
| MA50: | 5.08 | |
| MA100: | 6.37 | |
| MAexp7: | 4.10 | |
| MAexp20: | 4.08 | |
| MAexp50: | 4.09 | |
| MAexp100: | 4.20 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -2.38% | |
| Price / MA50: | -19.09% | |
| Price / MA100: | -35.48% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | -2.14% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on EQUINOX GOLD CORP. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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