MAG Silver Corp (MAG) Stock Technical Analysis
USA - NYSEARCA:MAG - CA55903Q1046 - Common Stock
Overall MAG gets a technical rating of 10 out of 10. 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.
Although MAG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.05
We found 5 important support areas.
- A support zone ranging from 23.91 to 24.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.11 to 22.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.71 from a horizontal line in the daily time frame.
- Support @15.90 from a horizontal line in the daily time frame.
- Support @15.20 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAG is up. |
| ChartMill Relative Strength | 93.1 | POSITIVE | MAG has a high relative strength, it outperformed 93.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.07 | NEUTRAL | The RSI value for MAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.41 | OVERBOUGHT | The high Stochastics value suggests MAG may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MAG suggests some volalility. |
| Average Directional Index/ADX (14) | 35.08 | POSITIVE | The high ADX value value for MAG suggests a strong trend. |
24.47
-0.29 (-1.17%)
MAG Silver Corp / MAG FAQ
Can you provide the ChartMill technical rating for MAG Silver Corp?
ChartMill assigns a technical rating of 10 / 10 to MAG.
What is the trend direction for MAG stock?
The current trend direction for MAG Silver Corp (MAG) is Bullish.
What is the RSI signal for MAG stock?
MAG Silver Corp (MAG) has an RSI value of 68.0698. This indicates that the stock is currently neutral.
What is the MACD signal for MAG Silver Corp (MAG) stock?
The MACD indicator for MAG Silver Corp (MAG) has a value of 0.102091, indicating a bearish trend.
What is the buy/sell signal for MAG Silver Corp (MAG) stock?
The buy/sell signal for MAG Silver Corp (MAG) is buy as both the short term and long term trends are positive.