MAG SILVER CORP (MAG.CA) Stock Technical Analysis
TSX:MAG - Toronto Stock Exchange - CA55903Q1046 - Common Stock - Currency: CAD
Taking everything into account, MAG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MAG is showing a nice and steady performance.
MAG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.43, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.52
3 important support areas can be observed.
- A support zone ranging from 28.44 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 @20.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.09 to 29.57. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 90.93 | POSITIVE | MAG.CA has a high relative strength, it outperformed 90.93% 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) | 61.14 | NEUTRAL | The RSI value for MAG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests MAG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.92 | NEUTRAL | The Stochastics value for MAG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for MAG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.31 | POSITIVE | The high ADX value value for MAG.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 29.58 | 28.42 | 1.16 (3.92%) | 25.00% |
| An entry @29.58. This is a Buy Stop order right above the resistance zone. | An exit @28.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.16 points, which is 3.92%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (7/2/2025, 7:00:00 PM)
29.08
+0.15 (+0.52%)