FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AG - CA32076V1031 - Common Stock
Taking everything into account, AG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AG is showing a nice and steady performance.
Although AG has an excellent technical rating, the quality of the presented setup is not ideal 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
11.23
3 important support areas can be observed.
- Support @14.37 from a horizontal line in the daily time frame.
- A support zone ranging from 11.85 to 11.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.34 from a trend line in the daily 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 | 98.23 | POSITIVE | AG has a high relative strength, it outperformed 98.23% 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) | 65.25 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.86 | NEUTRAL | The Stochastics value for AG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.19 | POSITIVE | The high ADX value value for AG suggests a strong trend. |
16.69
+0.54 (+3.34%)
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 trend direction for 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 65.253. This indicates that the stock is currently neutral.
What is the buy/sell signal for FIRST MAJESTIC SILVER CORP (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.
Can you provide the support and resistance levels for FIRST MAJESTIC SILVER CORP?
FIRST MAJESTIC SILVER CORP (AG) has a support level at 14.37. Check the full technical report for our detailed analysis of AG support and resistance levels.