AGNICO EAGLE MINES LTD (AEM) Stock Technical Analysis
USA - NYSE:AEM - CA0084741085 - Common Stock
Overall AEM gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
AEM has an excellent technical rating, but the quality of the setup is only medium 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.
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115.53
5 important support areas can be observed.
- A support zone ranging from 155.16 to 158.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @152.40 from a horizontal line in the daily time frame.
- Support @137.28 from a trend line in the weekly time frame.
- Support @123.47 from a horizontal line in the daily time frame.
- Support @116.70 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 162.89 to 166.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @169.18 from a trend line in the daily time frame.
- A resistance zone ranging from 173.11 to 174.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for AEM is neutral. |
| ChartMill Relative Strength | 94.53 | POSITIVE | AEM has a high relative strength, it outperformed 94.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AEM is below 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) | 43.82 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests AEM has a negative trend. |
| Stochastics (14,3) | 44.94 | NEUTRAL | The Stochastics value for AEM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.34 | NEGATIVE | The low ADX value for AEM suggests a weak or negative trend. |
158.6
-9.07 (-5.41%)
AGNICO EAGLE MINES LTD / AEM FAQ
What is the technical rating for AEM stock?
ChartMill assigns a technical rating of 9 / 10 to AEM.
What is the trend direction for AEM stock?
The current trend direction for AGNICO EAGLE MINES LTD (AEM) is Bullish.
Can you provide the RSI signal for AGNICO EAGLE MINES LTD?
AGNICO EAGLE MINES LTD (AEM) has an RSI value of 43.818. 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 -0.256693, indicating a bearish trend.
What are the support and resistance levels for AGNICO EAGLE MINES LTD (AEM) stock?
AGNICO EAGLE MINES LTD (AEM) has a support level at 158.59 and a resistance level at 162.89. Check the full technical report for our detailed analysis of AEM support and resistance levels.