MCEWEN INC (MUX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MUX - US58039P3055 - Common Stock
Overall MUX 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, MUX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MUX is one of the better performing stocks in the market, outperforming 96% of all stocks.
- MUX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MUX is lagging the market slightly.
- In the last month MUX has a been trading in the 17.70 - 23.02 range, which is quite wide. It is currently trading near the high of this range.
- MUX has an average volume of 1219620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MUX is part of the Metals & Mining industry. There are 156 other stocks in this industry, MUX did better than 63% of them.
- 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, it does not offer a high quality setup 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
17.85
2 important support areas can be observed.
- Support @19.47 from a trend line in the daily time frame.
- A support zone ranging from 18.03 to 18.17. This zone is formed by a combination of multiple trend lines 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 | 96.44 | POSITIVE | MUX has a high relative strength, it outperformed 96.44% 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) | 71.65 | OVERBOUGHT | The high RSI value suggests MUX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests MUX has a positive trend. |
| Stochastics (14,3) | 90.82 | OVERBOUGHT | The high Stochastics value suggests MUX may be overbought. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for MUX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for MUX suggests a strong trend. |
22.83
+0.49 (+2.19%)
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 71.6484. This indicates that the stock is currently overbought.
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 19.47. Check the full technical report for our detailed analysis of MUX support and resistance levels.