FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AG - CA32076V1031 - Common Stock
We assign a technical rating of 10 out of 10 to AG. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that AG is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, AG also shows a nice and consistent pattern of rising prices.
- AG is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 157 stocks in the same industry.
- A new 52 week high is currently being made by AG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month AG has a been trading in the 15.54 - 21.54 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- AG has an average volume of 19881900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AG has an excellent technical rating, it does not offer a high quality setup 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
12.54
We found 3 important support areas.
- A support zone ranging from 17.86 to 18.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.05 from a trend line in the daily time frame.
- Support @12.67 from a trend 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 | 98.54 | POSITIVE | AG has a high relative strength, it outperformed 98.54% 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) | 74.1 | OVERBOUGHT | The high RSI value suggests AG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests AG has a positive trend. |
| Stochastics (14,3) | 87.46 | OVERBOUGHT | The high Stochastics value suggests AG may be overbought. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 30.92 | POSITIVE | The high ADX value value for AG suggests a strong trend. |
21.5
+1.16 (+5.7%)
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 current trend direction of FIRST MAJESTIC SILVER CORP (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 74.0987. This indicates that the stock is currently overbought.
What is the MACD signal for AG stock?
The MACD indicator for FIRST MAJESTIC SILVER CORP (AG) has a value of 0.254615, indicating a bearish trend.
What is the buy/sell signal for 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.