MCEWEN INC (MUX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MUX - US58039P3055 - Common Stock
We assign a technical rating of 10 out of 10 to MUX. 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.
MUX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.61. Right above this resistance zone may be a good entry point.
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12.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 16.61 to 16.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.06 from a horizontal line in the weekly time frame.
- Support @15.66 from a horizontal line in the daily time frame.
- Support @13.03 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.61 to 18.61. 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 | NEUTRAL | NEUTRAL | The short term trend for MUX is neutral. |
| ChartMill Relative Strength | 96.21 | POSITIVE | MUX has a high relative strength, it outperformed 96.21% 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) | 54 | NEUTRAL | The RSI value for MUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MUX has a positive trend. |
| Stochastics (14,3) | 75.29 | NEUTRAL | The Stochastics value for MUX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for MUX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.15 | NEGATIVE | The low ADX value for MUX suggests a weak or negative trend. |
18.25
-0.22 (-1.19%)
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.
Can you provide the trend direction for MCEWEN INC?
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 53.9967. 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 neutral.