AGNICO EAGLE MINES LTD (AEM) Technical Analysis
NYSE:AEM • CA0084741085
Current stock price
AEM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to AEM. AEM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- When comparing the yearly performance of all stocks, we notice that AEM is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
- AEM has an average volume of 3020880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- AEM is part of the Metals & Mining industry. There are 158 other stocks in this industry, AEM did better than 64% of them.
- AEM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AEM is lagging the market slightly.
- In the last month AEM has a been trading in the 175.56 - 231.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AEM Weekly and Daily overview Charts
AEM Setup Rating and Analysis
Although AEM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
AEM Support and Resistance Analysis
157.39
3 important support areas can be observed.
- Support @182.40 from a trend line in the daily time frame.
- A support zone ranging from 179.12 to 179.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 208.55 to 212.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AEM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AEM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AEM is neutral. |
| ChartMill Relative Strength | 92.53 | POSITIVE | AEM has a high relative strength, it outperformed 92.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AEM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AEM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.35 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.57 | POSITIVE | The MACD value suggests AEM has a positive trend. |
| Stochastics (14,3) | 75.05 | NEUTRAL | The Stochastics value for AEM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.67 | POSITIVE | The high ADX value value for AEM suggests a strong trend. |
AEM Chart- and CandleStick Pattern Analysis
AEM Technicals: Chart, Performance Metrics, Trend & Indicators
208.54
-1.54 (-0.73%)
AGNICO EAGLE MINES LTD / AEM TA FAQ
What is the technical rating for AEM stock?
ChartMill assigns a technical rating of 7 / 10 to AEM.
Can you provide the trend direction for AGNICO EAGLE MINES LTD?
The current trend direction for AGNICO EAGLE MINES LTD (AEM) is Bearish.
What is the RSI signal for AEM stock?
AGNICO EAGLE MINES LTD (AEM) has an RSI value of 52.3544. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AGNICO EAGLE MINES LTD?
The MACD indicator for AGNICO EAGLE MINES LTD (AEM) has a value of 1.56569, indicating a bullish trend.
What is the short term momentum for AEM stock?
The short term momentum for AGNICO EAGLE MINES LTD (AEM) is neutral.