FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
NYSE:AG - New York Stock Exchange, Inc. - CA32076V1031 - Common Stock - Currency: USD
Overall AG gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, AG did better than 90% of all other stocks.
AG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AG is leading the market.
In the last month AG has a been trading in the 5.58 - 8.66 range, which is quite wide. It is currently trading near the high of this range.
AG has an average volume of 24047500 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 64% of them.
Although AG has an excellent technical rating, it does not present a decent entry opportunity 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
4.53
8.64
When analyzing the support we can see 6 important areas.
- A support zone ranging from 8.23 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.86 from a trend line in the daily time frame.
- Support @5.75 from a trend line in the weekly time frame.
- A support zone ranging from 5.39 to 5.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.27 from a horizontal line in the daily time frame.
- Support @4.58 from a horizontal 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 | 90.65 | POSITIVE | AG has a high relative strength, it outperformed 90.65% 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) | 75.63 | OVERBOUGHT | The high RSI value suggests AG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests AG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.97 | OVERBOUGHT | The high Stochastics value suggests AG may be overbought. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for AG suggests some volalility. |
| Average Directional Index/ADX (14) | 41.27 | POSITIVE | The high ADX value value for AG 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)
8.55
+0.28 (+3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.39%
1 Week2.15%
2 Weeks21.28%
1 Month50.53%
3 Month23.55%
6 Month56.59%
12 Month39.02%
2 Year51.33%
3 Year19.08%
5 Year-14.07%
10 Year77.02%
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%4.55%
ATR Inc-24.31%
Range Today0.32
ADR(20)0.35
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.65
Mansfield3.31
10 Day High8.66
10 Day Low7.06
20 Day High8.66
20 Day Low5.58
52 Week High8.66
52 Week Low4.43
CS1 End8.24
CR1 StartN/A
Volume & EV
DER(3)6.05%
DER(5)4.83%
Volume28.05M
Volume Incr-6.94%
Vol(5)24.22M
Vol(50)24.05M