FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AG • CA32076V1031
Taking everything into account, AG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, AG did better than 99% of all other stocks. We also observe that the gains produced by AG over the past year are nicely spread over this period.
- AG is part of the Metals & Mining industry. There are 157 other stocks in this industry. AG outperforms 94% of them.
- AG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AG is lagging the market slightly.
- AG has an average volume of 25062100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AG has a been trading in the 17.95 - 27.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AG has an excellent technical rating, but the quality of the setup is only medium 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
13.15
We found 3 important support areas.
- A support zone ranging from 20.25 to 20.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 18.38 to 18.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.00 to 22.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 AG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AG is neutral. |
| ChartMill Relative Strength | 99 | POSITIVE | AG has a high relative strength, it outperformed 99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.39 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests AG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.2 | NEUTRAL | The Stochastics value for AG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 30.1 | POSITIVE | The high ADX value value for AG suggests a strong trend. |
21.99
+1.74 (+8.59%)
FIRST MAJESTIC SILVER CORP / AG FAQ
What is the technical rating for AG stock?
ChartMill assigns a technical rating of 10 / 10 to AG.
What is the current trend direction of FIRST MAJESTIC SILVER CORP (AG) stock?
The current trend direction for FIRST MAJESTIC SILVER CORP (AG) is Bullish.
What is the RSI signal for AG stock?
FIRST MAJESTIC SILVER CORP (AG) has an RSI value of 53.3949. This indicates that the stock is currently neutral.
What is the MACD signal for AG stock?
The MACD indicator for FIRST MAJESTIC SILVER CORP (AG) has a value of -0.521119, indicating a bearish trend.