MCEWEN INC (MUX) Stock Technical Analysis
NYSE:MUX • US58039P3055
We assign a technical rating of 10 out of 10 to MUX. Both in the recent history as in the last year, MUX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MUX did better than 98% of all other stocks. On top of that, MUX also shows a nice and consistent pattern of rising prices.
- MUX is part of the Metals & Mining industry. There are 157 other stocks in this industry. MUX outperforms 83% of them.
- MUX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MUX has a been trading in the 22.94 - 28.70 range, which is quite wide. It is currently trading near the high of this range.
- MUX has an average volume of 1353420 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.
Although MUX 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
21.84
3 important support areas can be observed.
- A support zone ranging from 25.56 to 25.76. 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 24.11 to 24.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.06 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @29.05 from a horizontal line in the daily 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 MUX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MUX is up. |
| ChartMill Relative Strength | 98.58 | POSITIVE | MUX has a high relative strength, it outperformed 98.58% 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) | UP | POSITIVE | The current price of MUX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MUX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.12 | NEUTRAL | The RSI value for MUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MUX has a positive trend. |
| Stochastics (14,3) | 92.37 | OVERBOUGHT | The high Stochastics value suggests MUX may be overbought. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for MUX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for MUX suggests a possible start of a new trend. |
28.35
-0.02 (-0.07%)
MCEWEN INC / MUX FAQ
What is the ChartMill technical rating of MCEWEN INC (MUX) stock?
ChartMill assigns a technical rating of 10 / 10 to MUX.
What is the current trend direction of MCEWEN INC (MUX) stock?
The current trend direction for MCEWEN INC (MUX) is Bullish.
What is the RSI signal for MUX stock?
MCEWEN INC (MUX) has an RSI value of 62.1227. This indicates that the stock is currently neutral.
What is the short term momentum for MCEWEN INC (MUX) stock?
The short term momentum for MCEWEN INC (MUX) is positive.
Can you provide the support and resistance levels for MCEWEN INC?
MCEWEN INC (MUX) has a support level at 25.76 and a resistance level at 29.05. Check the full technical report for our detailed analysis of MUX support and resistance levels.