FIRST MAJESTIC SILVER CORP (FR.CA) Stock Technical Analysis
TSX:FR - Toronto Stock Exchange - CA32076V1031 - Common Stock - Currency: CAD
Taking everything into account, FR scores 4 out of 10 in our technical rating. FR was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
100% of all other stocks performed better in the past year than FR.
FR is part of the Metals & Mining industry. There are 796 other stocks in this industry, of which 93% are performing better than FR.
In the last month FR has a been trading in the 8.33 - 11.18 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
FR has an average technical rating and the quality of the presented setup is also not ideal 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
8.42
9.40
When analyzing the support we notice one important area.
- A support zone ranging from 8.51 to 8.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.82 to 8.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.31 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 FR.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FR.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | FR.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FR.CA is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 43.38 | NEUTRAL | The RSI value for FR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FR.CA has a negative trend. |
| Stochastics (14,3) | 35.59 | NEUTRAL | The Stochastics value for FR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for FR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.83 | NEGATIVE | The low ADX value for FR.CA 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)
TSX:FR (11/22/2024, 7:00:00 PM)
8.81
-0.2 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.22%
1 Week-1.23%
2 Weeks-2.33%
1 Month-17.2%
3 Month12.52%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%5.28%
ATR Inc-37.66%
Range Today0.29
ADR(20)0.39
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High9.6
10 Day Low8.33
20 Day High11.18
20 Day Low8.33
52 Week HighN/A
52 Week LowN/A
CS1 End8.64
CR1 Start8.82
Volume & EV
DER(3)2.81%
DER(5)2.55%
Volume491.78K
Volume Incr-41.99%
Vol(5)530.54K
Vol(50)864.89K