ALAMOS GOLD INC-CLASS A (AGI) Stock Technical Analysis
NYSE:AGI - New York Stock Exchange, Inc. - CA0115321089 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to AGI. In the last year, AGI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Looking at the yearly performance, AGI did better than 82% of all other stocks. On top of that, AGI also shows a nice and consistent pattern of rising prices.
AGI has an average volume of 3519430 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
AGI is part of the Metals & Mining industry. There are 156 other stocks in this industry, AGI did better than 54% of them.
AGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AGI is lagging the market.
In the last month AGI has a been trading in the 24.73 - 27.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, AGI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
20.98
28.81
We found 5 important support areas.
- Support @25.14 from a trend line in the daily time frame.
- A support zone ranging from 24.50 to 24.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.81 from a horizontal line in the daily time frame.
- Support @22.93 from a trend line in the weekly time frame.
- Support @21.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 25.90 to 26.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.04 to 27.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @28.52 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 AGI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AGI is down. |
| ChartMill Relative Strength | 82.36 | POSITIVE | AGI has a high relative strength, it outperformed 82.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AGI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.11 | NEUTRAL | The RSI value for AGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.03 | NEUTRAL | The Stochastics value for AGI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for AGI suggests some volalility. |
| Average Directional Index/ADX (14) | 9.15 | NEGATIVE | The low ADX value for AGI 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 |
|---|---|---|---|
| 26.25 | 25.13 | 1.12 (4.27%) | 23.44% |
| An entry @26.25. This is a Buy Stop order right above the resistance zone. | An exit @25.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.12 points, which is 4.27%. | For a 1.00% total portfolio risk, you can invest 23.44% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AGI. Please evaluate whether better entry and exit points can be found.
- 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.
25.87
+0.15 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.58%
1 Week3.94%
2 Weeks-2.82%
1 Month-1.03%
3 Month-7.47%
6 Month25.58%
12 Month56.69%
2 Year109.47%
3 Year227.88%
5 Year144.06%
10 Year696%
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%3.35%
ATR Inc-37.64%
Range Today0.52
ADR(20)0.79
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.36
Mansfield0.51
10 Day High27.11
10 Day Low24.73
20 Day High27.8
20 Day Low24.73
52 Week High31
52 Week Low15.74
CS1 End25.14
CR1 Start25.9
Volume & EV
DER(3)-0.98%
DER(5)0.11%
Volume3.27M
Volume Incr-3.05%
Vol(5)3.33M
Vol(50)3.52M