FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
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 long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AG is one of the better performing stocks in the market, outperforming 99% of all 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 95% of them.
- 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 19.87 - 27.90 range, which is quite wide. It is currently trading near the high of this range.
- AG has an average volume of 25966100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 offer a high quality setup 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
13.65
We found 2 important support areas.
- Support @22.00 from a trend line in the daily time frame.
- Support @13.79 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 | UP | POSITIVE | The long term trend for AG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AG is up. |
| ChartMill Relative Strength | 99.4 | POSITIVE | AG has a high relative strength, it outperformed 99.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AG is above 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) | 65.51 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests AG has a positive trend. |
| Stochastics (14,3) | 77.94 | NEUTRAL | The Stochastics value for AG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for AG suggests a possible start of a new trend. |
27.55
+2.77 (+11.18%)
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 65.5093. 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 0.129104, indicating a bearish trend.
What is the buy/sell signal for AG stock?
The buy/sell signal for FIRST MAJESTIC SILVER CORP (AG) is buy as both the short term and long term trends are positive.