Taking everything into account, MAG scores 9 out of 10 in our technical rating. In the last year, MAG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that MAG is one of the better performing stocks in the market, outperforming 90% of all 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 71% of 154 stocks in the same industry.
MAG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MAG is performing more or less in line with the market.
In the last month MAG has a been trading in the 14.46 - 19.17 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MAG has an average volume of 1022730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.