FIRST MAJESTIC SILVER CORP (AG) Technical Analysis
NYSE:AG • CA32076V1031
Current stock price
AG Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to AG. Although AG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month AG has a been trading in the 17.88 - 32.03 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.
- Looking at the yearly performance, AG did better than 96% of all other stocks. We also observe that the gains produced by AG over the past year are nicely spread over this period.
- AG is part of the Metals & Mining industry. There are 157 other stocks in this industry. AG outperforms 91% of them.
- AG has an average volume of 26400100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
AG Weekly and Daily overview Charts
AG Setup Rating and Analysis
AG has an average technical rating and it also 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
AG Support and Resistance Analysis
12.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.33 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.96 from a trend line in the daily time frame.
AG Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for AG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AG is down. |
| ChartMill Relative Strength | 96.86 | POSITIVE | AG has a high relative strength, it outperformed 96.86% 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) | 30.16 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.19 | NEGATIVE | The MACD value suggests AG has a negative trend. |
| Stochastics (14,3) | 4.44 | OVERSOLD | The low Stochastics value suggests AG may be oversold. |
| Average True Range in percent/ATR (20) | 10.61 | HIGH VOLATILITY | The high ATR as a percentage value for AG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.61 | POSITIVE | The high ADX value value for AG suggests a strong trend. |
AG Chart- and CandleStick Pattern Analysis
AG Technicals: Chart, Performance Metrics, Trend & Indicators
18.27
-0.68 (-3.59%)
FIRST MAJESTIC SILVER CORP / AG TA FAQ
What is the technical rating for AG stock?
ChartMill assigns a technical rating of 5 / 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 Bearish.
What is the RSI signal for AG stock?
FIRST MAJESTIC SILVER CORP (AG) has an RSI value of 30.1619. This indicates that the stock is currently neutral.
What is the MACD signal for AG stock?
The MACD indicator for FIRST MAJESTIC SILVER CORP (AG) has a value of -1.19456, indicating a bearish trend.