FIRST MAJESTIC SILVER CORP (AG) Stock Technical Analysis
NYSE:AG - New York Stock Exchange, Inc. - CA32076V1031 - Common Stock - Currency: USD
Taking everything into account, AG scores 0 out of 10 in our technical rating. AG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
64% of all other stocks performed better in the past year than AG.
AG has an average volume of 21334000 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 an average performer in the Metals & Mining industry, it outperforms 42% of 154 stocks in the same industry.
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.
In the last month AG has a been trading in the 5.49 - 6.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.92. Right above this resistance zone may be a good entry point. 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
7.87
4 important support areas can be observed.
- Support @5.65 from a trend line in the daily time frame.
- A support zone ranging from 5.36 to 5.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.23 to 5.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.58 from a horizontal line in the weekly time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 5.92 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.53 to 6.60. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @6.71 from a horizontal line in the daily time frame.
- Resistance @6.92 from a trend line in the daily time frame.
- Resistance @7.32 from a trend line in the weekly time frame.
- Resistance @7.79 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 | 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 | 36.1 | NEUTRAL | AG is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of AG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.87 | NEUTRAL | The RSI value for AG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AG has a positive trend. |
| Stochastics (14,3) | 45.79 | NEUTRAL | The Stochastics value for AG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for AG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.03 | 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)
5.89
+0.02 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.34%
1 Week4.99%
2 Weeks-0.17%
1 Month-4.85%
3 Month6.13%
6 Month-6.66%
12 Month-17.85%
2 Year2.08%
3 Year-26.1%
5 Year-41.16%
10 Year18.75%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%4.94%
ATR Inc-27.67%
Range Today0.22
ADR(20)0.27
ADR(20)%4.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.1
Mansfield-0.46
10 Day High6.04
10 Day Low5.49
20 Day High6.4
20 Day Low5.49
52 Week High8.06
52 Week Low4.43
CS1 End5.65
CR1 Start5.92
Volume & EV
DER(3)10.98%
DER(5)6.91%
Volume23.52M
Volume Incr-12.54%
Vol(5)19.07M
Vol(50)21.33M