AGNICO EAGLE MINES LTD (AEM) Technical Analysis
NYSE:AEM • CA0084741085
Current stock price
AEM Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AEM. 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 183.19 - 224.35 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that AEM is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by AEM over the past year are nicely spread over this period.
- AEM has an average volume of 2579930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- AEM is an average performer in the Metals & Mining industry, it outperforms 51% of 163 stocks in the same industry.
- 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. 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
We found 2 important support areas.
- A support zone ranging from 185.31 to 187.03. 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.
We found 1 important resistance area.
- A resistance zone ranging from 211.35 to 212.19. 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 | 85.32 | POSITIVE | AEM has a high relative strength, it outperformed 85.32% 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) | 36.89 | NEUTRAL | The RSI value for AEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.92 | NEGATIVE | The MACD value suggests AEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.88 | OVERSOLD | The low Stochastics value suggests AEM may be oversold. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for AEM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.76 | 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
188.21
+4.65 (+2.53%)
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 36.8893. 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 -2.91632, 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.