FIRST MAJESTIC SILVER CORP (FR.CA) Technical Analysis
TSX:FR • CA32076V1031
Current stock price
FR.CA Technical Rating and Analysis
Overall FR gets a technical rating of 4 out of 10. In the last year, FR was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- 100% of all other stocks performed better in the past year than FR.
- FR is part of the Metals & Mining industry. There are 795 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.CA Weekly and Daily overview Charts
FR.CA Setup Rating and Analysis
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
FR.CA Support and Resistance Analysis
8.42
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.
When analyzing the resistance we notice 2 important 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.
FR.CA 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 | 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. |
FR.CA Chart- and CandleStick Pattern Analysis
FR.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:FR (11/22/2024, 7:00:00 PM)
8.81
-0.2 (-2.22%)
FIRST MAJESTIC SILVER CORP / FR.CA TA FAQ
Can you provide the ChartMill technical rating for FIRST MAJESTIC SILVER CORP?
ChartMill assigns a technical rating of 4 / 10 to FR.CA.
What is the trend direction for FR stock?
The current trend direction for FIRST MAJESTIC SILVER CORP (FR.CA) is Bullish.
Can you provide the RSI signal for FIRST MAJESTIC SILVER CORP?
FIRST MAJESTIC SILVER CORP (FR.CA) has an RSI value of 43.3769. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST MAJESTIC SILVER CORP?
The short term momentum for FIRST MAJESTIC SILVER CORP (FR.CA) is negative.
What is the buy/sell signal for FR stock?
The buy/sell signal for FIRST MAJESTIC SILVER CORP (FR.CA) is hold as the short term and long term trends are mixed.