MCEWEN INC (MUX) Stock Technical Analysis
NYSE:MUX - New York Stock Exchange, Inc. - US58039P3055 - Common Stock - Currency: USD
Overall MUX gets a technical rating of 9 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.
A new 52 week high is currently being made by MUX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
MUX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, MUX did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
MUX is an average performer in the Metals & Mining industry, it outperforms 64% of 154 stocks in the same industry.
MUX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.38. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MUX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.78
11.50
When analyzing the support we can see 4 important areas.
- Support @11.33 from a trend line in the weekly time frame.
- A support zone ranging from 10.52 to 10.67. 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 7.83 to 7.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.38 to 11.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.04 | POSITIVE | MUX has a high relative strength, it outperformed 89.04% 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) | 67.5 | NEUTRAL | The RSI value for MUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MUX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.91 | OVERBOUGHT | The high Stochastics value suggests MUX may be overbought. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for MUX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.94 | POSITIVE | The high ADX value value for MUX 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.40 | 11.32 | 0.08 (0.70%) | 25.00% |
| An entry @11.40. This is a Buy Stop order right above the resistance zone. | An exit @11.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 0.70%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MUX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.33
+0.38 (+3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.47%
1 Week4.04%
2 Weeks-0.44%
1 Month25.19%
3 Month47.91%
6 Month35.36%
12 Month24.23%
2 Year30.83%
3 Year191.26%
5 Year-17.9%
10 Year55.21%
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%4.31%
ATR Inc-6.36%
Range Today0.47
ADR(20)0.46
ADR(20)%4.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.04
Mansfield2.14
10 Day High11.51
10 Day Low10.36
20 Day High11.51
20 Day Low8.95
52 Week High11.51
52 Week Low6.38
CS1 End11.33
CR1 Start11.38
Volume & EV
DER(3)10.29%
DER(5)6.8%
Volume746.55K
Volume Incr-33.53%
Vol(5)642.93K
Vol(50)788.48K