Should You Buy Equinox Gold Corp (EQX) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy now for a long-term position. EQX is in a clear bullish uptrend (bullish moving averages and expanding positive MACD), options positioning is strongly risk-on (very low put/call), and Wall Street just raised targets meaningfully while reiterating Buy/Outperform ratings. Although the stock is short-term overbought (RSI_6 ~79) and near resistance (R2 ~17.666), the setup still supports an immediate entry for an impatient, long-term beginner investor, especially with improving operational/financial momentum into the next earnings (2026-02-23). No politician/congress trading signals were provided to contradict this view.
Technical Analysis
Trend is bullish. MACD histogram is positive (0.224) and expanding, indicating strengthening upside momentum. Moving averages are stacked bullish (SMA_5 > SMA_20 > SMA_200), confirming an established uptrend. RSI_6 is ~79, which signals the stock is overbought short-term (increased pullback risk), but not a trend-break signal by itself. Key levels: Pivot ~15.522 (major reference support), R1 ~16.847 (already exceeded), next resistance R2 ~17.666 (nearby). Price action (post-market ~17.32) suggests the stock is pressing into the upper resistance zone; momentum remains favorable as long as it holds above ~16.85 and especially above the pivot area.
