AGNICO EAGLE MINES LTD (AEM) Technical Analysis
NYSE:AEM • CA0084741085
Current stock price
AEM Technical Rating and Analysis
Taking everything into account, AEM scores 6 out of 10 in our technical rating. 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.
- Looking at the yearly performance, AEM did better than 83% of all other stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
- AEM has an average volume of 2608850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- AEM is part of the Metals & Mining industry. There are 163 other stocks in this industry, AEM did better than 50% of them.
- AEM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AEM is lagging the market.
- In the last month AEM has a been trading in the 185.21 - 224.35 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
AEM has an average technical rating and it also does not offer a high quality setup 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
177.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 185.42 to 187.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 212.80 to 216.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 220.11 to 220.11. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for AEM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AEM is down. |
| ChartMill Relative Strength | 83.68 | POSITIVE | AEM has a high relative strength, it outperformed 83.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AEM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AEM is below a declining 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) | 41.15 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests AEM has a negative trend. |
| Stochastics (14,3) | 17.08 | OVERSOLD | The low Stochastics value suggests AEM may be oversold. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.36 | NEGATIVE | The low ADX value for AEM suggests a weak or negative trend. |
AEM Chart- and CandleStick Pattern Analysis
AEM Technicals: Chart, Performance Metrics, Trend & Indicators
198.96
-5.11 (-2.5%)
AGNICO EAGLE MINES LTD / AEM TA FAQ
What is the technical rating for AEM stock?
ChartMill assigns a technical rating of 6 / 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 Bullish.
What is the RSI signal for AEM stock?
AGNICO EAGLE MINES LTD (AEM) has an RSI value of 41.1495. 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 -1.00737, indicating a bearish trend.
What is the short term momentum for AEM stock?
The short term momentum for AGNICO EAGLE MINES LTD (AEM) is negative.