FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
USA - NYSE:AG - CA32076V1031 - Common Stock
11.02 USD
-0.82 (-6.93%)
10.71 USD
-0.31 (-2.81%)
We assign a technical rating of 7 out of 10 to AG. In the last year, AG was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that AG is one of the better performing stocks in the market, outperforming 94% of all stocks.
AG has an average volume of 21152100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AG is part of the Metals & Mining industry. There are 154 other stocks in this industry, AG did better than 63% of them.
AG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AG is lagging the market slightly.
In the last month AG has a been trading in the 10.19 - 13.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AG also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
5.41
12.71
We found 4 important support areas.
- A support zone ranging from 10.91 to 11.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.66 from a horizontal line in the daily time frame.
- Support @6.34 from a trend line in the weekly time frame.
- Support @5.46 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @11.06 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.70 to 11.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.27 to 12.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.58 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for AG is neutral. |
| ChartMill Relative Strength | 94.2 | POSITIVE | AG has a high relative strength, it outperformed 94.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AG is below 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) | 40.64 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests AG has a negative trend. |
| Stochastics (14,3) | 47.13 | NEUTRAL | The Stochastics value for AG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.23 | NEGATIVE | The low ADX value for AG suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.07 | 10.90 | 0.17 (1.54%) | 25.00% |
| An entry @11.07. This is a Buy Stop order right above the resistance zone. | An exit @10.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 1.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of AG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.02
-0.82 (-6.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-6.93%
1 Week-9.82%
2 Weeks1.1%
1 Month-14.51%
3 Month22.44%
6 Month87.1%
12 Month74.64%
2 Year84.59%
3 Year18.62%
5 Year6.27%
10 Year229.94%
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%6.71%
ATR Inc29.83%
Range Today1.13
ADR(20)0.67
ADR(20)%6.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.2
3 months CRS92.18
6 months CRS95.46
Mansfield3.14
10 Day High12.82
10 Day Low10.81
20 Day High13.14
20 Day Low10.19
52 Week High15.69
52 Week Low5.09
CS1 End11.01
CR1 Start11.06
Volume & EV
DER(3)-3.96%
DER(5)-1.98%
Volume16.18M
Volume Incr-29.07%
Vol(5)12.59M
Vol(50)21.15M
FIRST MAJESTIC SILVER CORP / AG FAQ
What is the technical rating for AG stock?
ChartMill assigns a technical rating of 7 / 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 40.6371. This indicates that the stock is currently neutral.
What are the support and resistance levels for FIRST MAJESTIC SILVER CORP (AG) stock?
FIRST MAJESTIC SILVER CORP (AG) has a support level at 11.01 and a resistance level at 11.06. Check the full technical report for our detailed analysis of AG support and resistance levels.