FIRST MAJESTIC SILVER CORP (AG.CA) Stock Technical Analysis
TSX:AG - Toronto Stock Exchange - CA32076V1031 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to AG. AG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, AG did better than 82% of all other stocks. On top of that, AG also shows a nice and consistent pattern of rising prices.
AG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AG has a been trading in the 7.67 - 11.85 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
AG has an average volume of 1544370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AG is an average performer in the Metals & Mining industry, it outperforms 64% of 807 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.06
11.57
5 important support areas can be observed.
- A support zone ranging from 11.31 to 11.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.99 from a trend line in the weekly time frame.
- A support zone ranging from 7.83 to 7.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.59 from a horizontal line in the daily time frame.
- Support @7.13 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for AG.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AG.CA is up. |
| ChartMill Relative Strength | 82.95 | POSITIVE | AG.CA has a high relative strength, it outperformed 82.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77 | OVERBOUGHT | The high RSI value suggests AG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests AG.CA has a positive trend. |
| Stochastics (14,3) | 92.3 | OVERBOUGHT | The high Stochastics value suggests AG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for AG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.91 | POSITIVE | The high ADX value value for AG.CA suggests a strong 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)
TSX:AG (6/10/2025, 7:00:00 PM)
11.46
+0.14 (+1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.24%
1 Week21.13%
2 Weeks38.81%
1 Month38.81%
3 Month19.23%
6 Month32.67%
12 Month35.83%
2 Year52.34%
3 Year23.62%
5 Year-15.48%
10 Year88.6%
15 Year166.59%
Volatility
ATR(14)0.54
ATR(20)%4.21%
ATR Inc0.34%
Range Today0.35
ADR(20)0.42
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.95
Mansfield2.69
10 Day High11.85
10 Day Low8.05
20 Day High11.85
20 Day Low7.67
52 Week High11.85
52 Week Low6.25
CS1 End7.99
CR1 StartN/A
Volume & EV
DER(3)4.85%
DER(5)1.97%
Volume2.10M
Volume Incr85.73%
Vol(5)2.80M
Vol(50)1.54M