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 7 out of 10. In the last year, AG was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month AG has a been trading in the 7.74 - 9.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that AG is one of the better performing stocks in the market, outperforming 91% of all stocks.
AG is part of the Metals & Mining industry. There are 157 other stocks in this industry. AG outperforms 74% of them.
AG has an average volume of 23534700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
Considerably lower volume is observed in the last couple of days.
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
8.95
When analyzing the support we can see 5 important areas.
- A support zone ranging from 7.77 to 7.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.91 from a trend line in the weekly time frame.
- Strong support @5.39 from a horizontal line in the daily time frame.
- Support @5.27 from a horizontal line in the daily time frame.
- Support @4.58 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.42 to 8.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.86 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 | DOWN | NEGATIVE | The short term trend for AG is down. |
| ChartMill Relative Strength | 91.43 | POSITIVE | AG has a high relative strength, it outperformed 91.43% 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) | 40.76 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests AG has a negative trend. |
| Stochastics (14,3) | 6.14 | OVERSOLD | The low Stochastics value suggests AG may be oversold. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.64 | NEUTRAL | The ADX value for AG suggests a possible start of a new 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)
7.83
-0.12 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.51%
1 Week-8.63%
2 Weeks-5.43%
1 Month-7.45%
3 Month32.49%
6 Month37.37%
12 Month54.74%
2 Year27.73%
3 Year7.55%
5 Year-37.11%
10 Year126.3%
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%5.41%
ATR Inc-14.71%
Range Today0.41
ADR(20)0.4
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.43
Mansfield1.42
10 Day High9
10 Day Low7.74
20 Day High9.48
20 Day Low7.74
52 Week High9.48
52 Week Low4.43
CS1 End7.82
CR1 Start8.42
Volume & EV
DER(3)0.08%
DER(5)1.31%
Volume16.72M
Volume Incr-31.96%
Vol(5)14.14M
Vol(50)23.53M