AGNICO EAGLE MINES LTD (AEM) Stock Technical Analysis
USA - NYSE:AEM - CA0084741085 - Common Stock
174.49 USD
-11.03 (-5.95%)
175.77 USD
+1.28 (+0.73%)
Overall AEM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AEM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AEM is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
AEM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
AEM has an average volume of 2913200 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 155 other stocks in this industry, AEM did better than 66% of them.
In the last month AEM has a been trading in the 156.95 - 187.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
111.80
176.23
6 important support areas can be observed.
- A support zone ranging from 164.37 to 168.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @161.72 from a horizontal line in the daily time frame.
- Support @138.86 from a trend line in the daily time frame.
- Support @131.57 from a trend line in the weekly time frame.
- Support @123.47 from a horizontal line in the daily time frame.
- Support @112.93 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 | 94.85 | POSITIVE | AEM has a high relative strength, it outperformed 94.85% 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) | 59.48 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests AEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.93 | OVERBOUGHT | The high Stochastics value suggests AEM may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.41 | 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)
174.49
-11.03 (-5.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-5.95%
1 Week6.15%
2 Weeks2.99%
1 Month8.25%
3 Month48.21%
6 Month43.58%
12 Month102.5%
2 Year271.97%
3 Year296.93%
5 Year120.07%
10 Year516.79%
15 Year124.89%
Volatility
ATR(14)6.31
ATR(20)%3.25%
ATR Inc124.66%
Range Today11.77
ADR(20)5.12
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.85
Mansfield4.08
10 Day High187.5
10 Day Low160.15
20 Day High187.5
20 Day Low156.95
52 Week High187.5
52 Week Low75.17
CS1 End168.12
CR1 StartN/A
Volume & EV
DER(3)1.17%
DER(5)1.33%
Volume4.08M
Volume Incr-8.05%
Vol(5)3.07M
Vol(50)2.91M