MCEWEN INC (MUX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MUX • US58039P3055
Taking everything into account, MUX scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 87% of them.
- 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.
- MUX has an average volume of 1356020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MUX has a been trading in the 18.99 - 29.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although MUX 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
17.99
4 important support areas can be observed.
- Support @23.45 from a horizontal line in the daily time frame.
- A support zone ranging from 20.49 to 20.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.62 from a trend line in the daily time frame.
- Support @18.17 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 | 98.42 | POSITIVE | MUX has a high relative strength, it outperformed 98.42% 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) | 58.28 | NEUTRAL | The RSI value for MUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MUX has a negative trend. |
| Stochastics (14,3) | 35.96 | NEUTRAL | The Stochastics value for MUX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for MUX suggests high volalility. |
| Average Directional Index/ADX (14) | 37.44 | POSITIVE | The high ADX value value for MUX suggests a strong trend. |
25.64
+2.19 (+9.34%)
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 58.2839. 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 23.45. Check the full technical report for our detailed analysis of MUX support and resistance levels.