MAG SILVER CORP (MAG.CA) Stock Technical Analysis
TSX:MAG - Toronto Stock Exchange - CA55903Q1046 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to MAG. Both in the recent history as in the last year, MAG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MAG did better than 87% of all other stocks. We also observe that the gains produced by MAG over the past year are nicely spread over this period.
MAG is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 806 stocks in the same industry.
MAG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MAG is lagging the market slightly.
In the last month MAG has a been trading in the 28.19 - 31.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
MAG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.44, a Stop Loss order could be placed below this zone.
More info and screens
20.90
30.82
We found 3 important support areas.
- A support zone ranging from 28.39 to 28.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.36 from a horizontal line in the daily time frame.
- Support @21.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.55 to 29.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 30.51 to 30.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MAG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAG.CA is up. |
| ChartMill Relative Strength | 87.55 | POSITIVE | MAG.CA has a high relative strength, it outperformed 87.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.71 | NEUTRAL | The RSI value for MAG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MAG.CA has a negative trend. |
| Stochastics (14,3) | 39.92 | NEUTRAL | The Stochastics value for MAG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for MAG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for MAG.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 29.62 | 28.62 | 1.00 (3.38%) | 25.00% |
| An entry @29.62. This is a Buy Stop order right above the resistance zone. | An exit @28.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.00 points, which is 3.38%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MAG. 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.
TSX:MAG (7/25/2025, 7:00:00 PM)
29.51
-0.03 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.1%
1 Week2.68%
2 Weeks-3.28%
1 Month0.55%
3 Month37.45%
6 Month35.55%
12 Month62.95%
2 Year85.36%
3 Year65.32%
5 Year30.4%
10 Year216.97%
15 Year379.84%
Volatility
ATR(14)0.75
ATR(20)%2.51%
ATR Inc-21.57%
Range Today0.58
ADR(20)0.67
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.55
Mansfield2.03
10 Day High31.01
10 Day Low28.63
20 Day High31.01
20 Day Low28.19
52 Week High31.01
52 Week Low15.89
CS1 End28.44
CR1 Start29.55
Volume & EV
DER(3)-3.23%
DER(5)-2.43%
Volume124.02K
Volume Incr-57.49%
Vol(5)112.09K
Vol(50)286.43K