MAG SILVER CORP (MAG)
CA55903Q1046 - Common Stock
We assign a technical rating of 8 out of 10 to MAG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MAG is only an average performer.
The long and short term trends are both positive. This is looking good!
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.
MAG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MAG has an average volume of 1025370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MAG did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MAG is part of the Metals & Mining industry. There are 154 other stocks in this industry, MAG did better than 64% of them.
Besides having an excellent technical rating, MAG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
10.00
13.11
When analyzing the support we can see 2 important areas.
- Support @11.66 from a horizontal line in the daily time frame.
- Support @10.10 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.97 to 12.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.44
Mansfield0.23
10 Day High13.25
10 Day Low11.58
20 Day High13.25
20 Day Low11.46
52 Week High13.4
52 Week Low8.2
Performance
1 Week-5.25%
2 Weeks-0.97%
1 Month1.15%
3 Month33.62%
6 Month13.49%
12 Month-7.95%
2 Year-13.22%
3 Year-42.86%
5 Year25.69%
10 Year-30.66%
15 Year203.21%
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)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)57.06
LBB11.58
UBB13.06
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 |
|---|---|---|---|
| 12.99 | 11.65 | 1.34 (10.32%) | 9.69% |
| An entry @12.99. This is a Buy Stop order right above the resistance zone. | An exit @11.65. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.34 points, which is 10.32%. | For a 1.00% total portfolio risk, you can invest 9.69% 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.
MAG SILVER CORP
NYSEARCA:MAG (5/3/2024, 7:04:40 PM)
After market: 12.28 0 (0%)12.28
-0.08 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.65%
1 Week-5.25%
2 Weeks-0.97%
1 Month1.15%
3 Month33.62%
6 Month13.49%
12 Month-7.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.53
ATR(20)%4.5%
ATR Inc
Range Today0.42
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High13.25
10 Day Low11.58
20 Day High13.25
20 Day Low11.46
52 Week High13.4
52 Week Low8.2
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume623.60K
Volume Incr-48.51%
Vol(5)680.36K
Vol(50)1.03M