As this happened, Desjardins upgraded its Equinox Gold Corp [EQX] rating to a Buy from a a Hold in a research note published recently. RBC Capital Mkts also remained covering EQX and has increased its forecast on September 12, 2023 with a “Sector perform” recommendation from previously “an Underperform” rating. CIBC revised its rating on January 12, 2023. It rated EQX as “a Sector underperform” which previously was an “a Neutral”.
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Price Performance Review of EQX
On Tuesday, Equinox Gold Corp [AMEX:EQX] saw its stock jump 0.71% to $5.65. Over the last five days, the stock has lost -8.72%. Equinox Gold Corp shares have risen nearly 15.54% since the year began. Nevertheless, the stocks have risen 35.49% over the past one year. While a 52-week high of $6.50 was reached on 04/03/24, a 52-week low of $3.95 was recorded on 02/28/24. SMA at 50 days reached $5.67, while 200 days put it at $5.30.
Levels Of Support And Resistance For EQX Stock
The 24-hour chart illustrates a support level at 5.58, which if violated will result in even more drops to 5.50. On the upside, there is a resistance level at 5.70. A further resistance level may holdings at 5.74. The Relative Strength Index (RSI) on the 14-day chart is 43.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.42%. Stochastics %K at 4.29% indicates the stock is a buying.
How much short interest is there in Equinox Gold Corp?
A steep rise in short interest was recorded in Equinox Gold Corp stocks on 2024-09-13, dropping by 77216.0 shares to a total of 11.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 12.01 million shares. There was a decline of -0.65%, which implies that there is a negative sentiment for the stock.
