FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
NYSE:AG - CA32076V1031 - Common Stock
9 USD
+0.29 (+3.33%)
8.99 USD
-0.01 (-0.11%)
We assign a technical rating of 8 out of 10 to AG. 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 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!
AG is one of the better performing stocks in the Metals & Mining industry, it outperforms 76% of 156 stocks in the same industry.
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 19463100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AG is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month AG has a been trading in the 7.74 - 9.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is a support zone below the current price at 8.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.53
9.09
When analyzing the support we can see 6 important areas.
- A support zone ranging from 8.44 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.02 from a horizontal line in the daily time frame.
- A support zone ranging from 7.82 to 7.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.99 from a trend line in the weekly time frame.
- Strong support @5.39 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 | NEUTRAL | NEUTRAL | The short term trend for AG is neutral. |
| ChartMill Relative Strength | 93.1 | POSITIVE | AG has a high relative strength, it outperformed 93.1% 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) | 59.01 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AG has a positive trend. |
| Stochastics (14,3) | 57.56 | NEUTRAL | The Stochastics value for AG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for AG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.74 | 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 |
|---|---|---|---|
| 9.39 | 8.43 | 0.96 (10.22%) | 9.78% |
| An entry @9.39. This is a Buy Stop order right above the 10 day high. | An exit @8.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.96 points, which is 10.22%. | When investing 9.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
9
+0.29 (+3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.33%
1 Week1.69%
2 Weeks4.53%
1 Month5.02%
3 Month52.8%
6 Month62.16%
12 Month55.71%
2 Year46.82%
3 Year23.63%
5 Year-27.71%
10 Year160.12%
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%4.6%
ATR Inc8.22%
Range Today0.6
ADR(20)0.4
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.1
Mansfield2.39
10 Day High9.38
10 Day Low8.28
20 Day High9.38
20 Day Low7.74
52 Week High9.48
52 Week Low4.59
CS1 End8.53
CR1 StartN/A
Volume & EV
DER(3)8.12%
DER(5)2.73%
Volume24.49M
Volume Incr3.8%
Vol(5)15.39M
Vol(50)19.46M