AGNICO EAGLE MINES LTD (AEM) Technical Analysis
NYSE:AEM • CA0084741085
Current stock price
AEM Technical Rating and Analysis
Overall AEM gets a technical rating of 4 out of 10. Although AEM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month AEM has a been trading in the 187.56 - 224.35 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that AEM is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
- AEM has an average volume of 2580730 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, the long term trend is neutral. Not much exciting going on here.
- 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.
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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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 187.03 to 188.58. 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 200.24 to 205.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 213.29 to 213.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for AEM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AEM is down. |
| ChartMill Relative Strength | 86.23 | POSITIVE | AEM has a high relative strength, it outperformed 86.23% 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) | 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) | 35.05 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.32 | NEGATIVE | The MACD value suggests AEM has a negative trend. |
| Stochastics (14,3) | 9.41 | OVERSOLD | The low Stochastics value suggests AEM may be oversold. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.09 | 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
189.23
-8.9 (-4.49%)
AGNICO EAGLE MINES LTD / AEM TA FAQ
What is the technical rating for AEM stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for AEM stock?
AGNICO EAGLE MINES LTD (AEM) has an RSI value of 35.0523. 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 -2.32023, 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.