Equinox Gold Corp.
Here’s whether Equinox Gold Corp. (EQX) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: strong 1-year return of +47.6%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-2.08% over 10 days); 3-month momentum negative (-34.6%); rising volume on a downtrend (distribution, 1.21x avg). Currently 43.1% off its 52-week high. Score: -4/7.
EQX is trading below its 200-day MA ($13.29) — a key warning sign the longer-term trend is under pressure. An RSI of 32.6 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +47.6% compares to +24.4% for SPY (beat the market by 23.2%). The current 43.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.