MCEWEN MINING INC (MUX) Stock Technical Analysis
NYSE:MUX - New York Stock Exchange, Inc. - US58039P3055 - Common Stock - Currency: USD
Taking everything into account, MUX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MUX was also a bad performer in the overall market in the last year.
71% of all other stocks performed better in the past year than MUX.
MUX is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 62% are performing better than MUX.
MUX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MUX is lagging the market.
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.
In the last month MUX has a been trading in the 6.88 - 8.31 range, which is quite wide. It is currently trading near the high of this range.
MUX has an average technical rating and also the quality of the setup is only medium 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
6.56
9.29
5 important support areas can be observed.
- A support zone ranging from 7.59 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.24 from a trend line in the daily time frame.
- A support zone ranging from 7.02 to 7.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.78 from a trend line in the weekly time frame.
- Support @6.63 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.08 to 8.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.34 from a horizontal line in the daily time frame.
- Resistance @8.72 from a horizontal line in the daily time frame.
- Resistance @9.20 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 | NEUTRAL | NEUTRAL | The long term trend for MUX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MUX is up. |
| ChartMill Relative Strength | 29.95 | NEGATIVE | MUX has a low relative strength, it was outperformed by 70.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MUX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MUX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MUX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for MUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests MUX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.64 | OVERBOUGHT | The high Stochastics value suggests MUX may be overbought. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MUX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.81 | NEGATIVE | The low ADX value for MUX suggests a weak or negative 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)
8.03
-0.05 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.62%
1 Week4.69%
2 Weeks12.15%
1 Month6.78%
3 Month16.72%
6 Month-3.95%
12 Month-32.58%
2 Year5.1%
3 Year36.1%
5 Year-11.15%
10 Year-19.7%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%3.88%
ATR Inc-11.91%
Range Today0.25
ADR(20)0.29
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.95
Mansfield-0.95
10 Day High8.31
10 Day Low7.02
20 Day High8.31
20 Day Low6.88
52 Week High11.95
52 Week Low6.38
CS1 End7.75
CR1 Start8.08
Volume & EV
DER(3)1.15%
DER(5)0.71%
Volume318.70K
Volume Incr-10.57%
Vol(5)521.12K
Vol(50)706.09K