MAG SILVER CORP (MAG) Stock Technical Analysis
NYSEARCA:MAG - CA55903Q1046 - Common Stock
24.52 USD
+0.55 (+2.29%)
24.43 USD
-0.09 (-0.37%)
Overall MAG gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MAG did better than 93% 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 156 other stocks in this industry. MAG outperforms 72% of them.
MAG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MAG has a been trading in the 20.29 - 24.55 range, which is quite wide. It is currently trading near the high of this range.
MAG has an average volume of 1631610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although MAG has an excellent technical rating, it does not present a decent entry opportunity 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
14.96
24.77
We found 5 important support areas.
- A support zone ranging from 23.54 to 23.91. 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 21.72 to 22.48. 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 @15.11 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 | 93.54 | POSITIVE | MAG has a high relative strength, it outperformed 93.54% 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) | 71.52 | OVERBOUGHT | The high RSI value suggests MAG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MAG has a positive trend. |
| Stochastics (14,3) | 93.09 | OVERBOUGHT | The high Stochastics value suggests MAG may be overbought. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MAG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.94 | POSITIVE | The high ADX value value for MAG 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)
24.52
+0.55 (+2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.29%
1 Week3.5%
2 Weeks6.33%
1 Month20.61%
3 Month30.7%
6 Month63.36%
12 Month88.04%
2 Year114.71%
3 Year106.92%
5 Year44.83%
10 Year-39.68%
15 Year1492.21%
Volatility
ATR(14)0.54
ATR(20)%2.47%
ATR Inc20.55%
Range Today0.64
ADR(20)0.59
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.54
Mansfield3.19
10 Day High24.55
10 Day Low22.43
20 Day High24.55
20 Day Low20.29
52 Week High24.55
52 Week Low11.72
CS1 End23.91
CR1 StartN/A
Volume & EV
DER(3)1.61%
DER(5)0.57%
Volume644.30K
Volume Incr-31.4%
Vol(5)1.24M
Vol(50)1.63M