MAG SILVER CORP (MAG.CA) Stock Technical Analysis
TSX:MAG - CA55903Q1046 - Common Stock
32.75 CAD
+0.28 (+0.86%)
Taking everything into account, MAG scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
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 part of the Metals & Mining industry. There are 806 other stocks in this industry. MAG outperforms 71% of them.
A new 52 week high is currently being made by MAG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month MAG has a been trading in the 27.91 - 32.93 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MAG also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MAG 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
21.40
33.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 31.87 to 31.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.27 to 29.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.07 to 28.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.36 from a horizontal line in the daily time frame.
- Support @21.62 from a trend 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 | 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 | 87.74 | POSITIVE | MAG.CA has a high relative strength, it outperformed 87.74% 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) | 67.73 | NEUTRAL | The RSI value for MAG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MAG.CA has a positive trend. |
| Stochastics (14,3) | 93.89 | OVERBOUGHT | The high Stochastics value suggests MAG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MAG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.75 | POSITIVE | The high ADX value value for MAG.CA suggests a strong 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 |
|---|---|---|---|
| 32.94 | 31.86 | 1.08 (3.28%) | 25.00% |
| An entry @32.94. This is a Buy Stop order right above the 10 day high. | An exit @31.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 3.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- 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 (8/22/2025, 7:00:00 PM)
32.75
+0.28 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.86%
1 Week2.79%
2 Weeks2.83%
1 Month10.87%
3 Month27.88%
6 Month46.01%
12 Month79.45%
2 Year112.94%
3 Year110.48%
5 Year48.12%
10 Year238.33%
15 Year301.84%
Volatility
ATR(14)0.86
ATR(20)%2.42%
ATR Inc6%
Range Today0.8
ADR(20)0.73
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.74
Mansfield2.75
10 Day High32.93
10 Day Low30.88
20 Day High32.93
20 Day Low27.92
52 Week High32.93
52 Week Low15.89
CS1 End31.99
CR1 StartN/A
Volume & EV
DER(3)8.57%
DER(5)6.69%
Volume349.70K
Volume Incr17.22%
Vol(5)202.54K
Vol(50)222.84K