AGNICO EAGLE MINES LTD (AEM) Stock Technical Analysis
NYSE:AEM - New York Stock Exchange, Inc. - CA0084741085 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to AEM. 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!
Looking at the yearly performance, AEM did better than 95% of all other stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
AEM is part of the Metals & Mining industry. There are 154 other stocks in this industry. AEM outperforms 82% of them.
AEM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AEM is performing more or less in line with the market.
In the last month AEM has a been trading in the 103.38 - 119.47 range, which is quite wide. It is currently trading near the high of this range.
AEM has an average volume of 3915240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although AEM has an excellent technical rating, it 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
76.12
115.74
4 important support areas can be observed.
- A support zone ranging from 113.00 to 114.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 108.50 to 111.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 104.78 to 106.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.89 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 | 95.05 | POSITIVE | AEM has a high relative strength, it outperformed 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AEM is above a declining 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) | 53.93 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.28 | NEUTRAL | The Stochastics value for AEM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.7 | NEGATIVE | The low ADX value for AEM suggests a weak or negative 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)
114.59
-1.04 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.9%
1 Week7.59%
2 Weeks-0.06%
1 Month-4.21%
3 Month19.24%
6 Month35.93%
12 Month69.24%
2 Year125.66%
3 Year116.49%
5 Year79.05%
10 Year256.2%
15 Year95.61%
Volatility
ATR(14)3.77
ATR(20)%3.22%
ATR Inc-31.18%
Range Today2.23
ADR(20)2.91
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.05
Mansfield2.78
10 Day High117.53
10 Day Low103.38
20 Day High119.47
20 Day Low103.38
52 Week High126.76
52 Week Low63.01
CS1 End114.39
CR1 StartN/A
Volume & EV
DER(3)-0.68%
DER(5)2.28%
Volume3.32M
Volume Incr-7.23%
Vol(5)3.84M
Vol(50)3.92M