AGNICO EAGLE MINES LTD (AEM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AEM - CA0084741085 - Common Stock
Taking everything into account, AEM scores 10 out of 10 in our technical rating. 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.
- 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 95% of all stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
- 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 165.00 - 223.44 range, which is quite wide. It is currently trading near the high of this range.
- AEM has an average volume of 2460250 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 154 other stocks in this industry, AEM did better than 50% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
122.24
We found 5 important support areas.
- A support zone ranging from 178.18 to 178.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @161.00 from a trend line in the daily time frame.
- Support @152.40 from a horizontal line in the daily time frame.
- Support @148.70 from a trend line in the weekly time frame.
- Support @123.47 from a horizontal line in the daily 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 | 95.83 | POSITIVE | AEM has a high relative strength, it outperformed 95.83% 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) | 75.13 | OVERBOUGHT | The high RSI value suggests AEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.32 | POSITIVE | The MACD value suggests AEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.43 | OVERBOUGHT | The high Stochastics value suggests AEM may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.24 | POSITIVE | The high ADX value value for AEM suggests a strong trend. |
215.41
+0.87 (+0.41%)
AGNICO EAGLE MINES LTD / AEM FAQ
What is the technical rating for AEM stock?
ChartMill assigns a technical rating of 10 / 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.
Can you provide the RSI signal for AGNICO EAGLE MINES LTD?
AGNICO EAGLE MINES LTD (AEM) has an RSI value of 75.1307. This indicates that the stock is currently overbought.
What is the buy/sell signal for AGNICO EAGLE MINES LTD (AEM) stock?
The buy/sell signal for AGNICO EAGLE MINES LTD (AEM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for AGNICO EAGLE MINES LTD?
AGNICO EAGLE MINES LTD (AEM) has a support level at 178.57. Check the full technical report for our detailed analysis of AEM support and resistance levels.