AGNICO EAGLE MINES LTD (AEM) Stock Technical Analysis
USA - NYSE:AEM - CA0084741085 - Common Stock
161.19 USD
+6.81 (+4.41%)
161.58 USD
+0.39 (+0.24%)
We assign a technical rating of 10 out of 10 to AEM. Both in the recent history as in the last year, AEM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AEM did better than 92% of all other stocks. We also observe that the gains produced by AEM over the past year are nicely spread over this period.
AEM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AEM has a been trading in the 133.80 - 162.53 range, which is quite wide. It is currently trading near the high of this range.
AEM has an average volume of 2795510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AEM is part of the Metals & Mining industry. There are 156 other stocks in this industry, AEM did better than 69% of them.
Volume is considerably higher in the last couple of days.
Although AEM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
108.81
162.80
We found 6 important support areas.
- A support zone ranging from 152.39 to 155.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @142.73 from a trend line in the daily time frame.
- Support @127.00 from a trend line in the weekly time frame.
- Support @123.47 from a horizontal line in the daily time frame.
- Support @117.05 from a horizontal line in the daily time frame.
- Support @109.91 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for AEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AEM is up. |
| ChartMill Relative Strength | 92.9 | POSITIVE | AEM has a high relative strength, it outperformed 92.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AEM is above 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) | 81.16 | OVERBOUGHT | The high RSI value suggests AEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests AEM has a positive trend. |
| Stochastics (14,3) | 88.76 | OVERBOUGHT | The high Stochastics value suggests AEM may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 44.09 | POSITIVE | The high ADX value value for AEM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
161.19
+6.81 (+4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.41%
1 Week5.18%
2 Weeks6.15%
1 Month18.23%
3 Month33.19%
6 Month54.49%
12 Month93.9%
2 Year254.65%
3 Year281.7%
5 Year102.48%
10 Year536.61%
15 Year126.93%
Volatility
ATR(14)3.95
ATR(20)%2.34%
ATR Inc62.15%
Range Today7.65
ADR(20)3.73
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.9
Mansfield3.65
10 Day High162.53
10 Day Low149.7
20 Day High162.53
20 Day Low133.8
52 Week High162.53
52 Week Low75.17
CS1 End155.9
CR1 StartN/A
Volume & EV
DER(3)3.04%
DER(5)2.25%
Volume9.14M
Volume Incr71.82%
Vol(5)4.45M
Vol(50)2.80M