MCEWEN INC (MUX) Stock Technical Analysis
USA - NYSE:MUX - US58039P3055 - Common Stock
15.55 USD
+0.85 (+5.78%)
15.5832 USD
+0.03 (+0.21%)
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.
MUX is currently making a new 52 week high. This is a strong signal. 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 10.96 - 15.68 range, which is quite wide. It is currently trading near the high of this range.
MUX has an average volume of 1273510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MUX is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MUX is an average performer in the Metals & Mining industry, it outperforms 62% of 156 stocks in the same industry.
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
10.33
15.71
3 important support areas can be observed.
- Support @13.49 from a horizontal line in the daily time frame.
- Support @11.05 from a trend line in the daily time frame.
- Support @10.43 from a trend 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 | 93.42 | POSITIVE | MUX has a high relative strength, it outperformed 93.42% 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) | 73.49 | OVERBOUGHT | The high RSI value suggests MUX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MUX has a positive trend. |
| Stochastics (14,3) | 74.32 | NEUTRAL | The Stochastics value for MUX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for MUX suggests some volalility. |
| Average Directional Index/ADX (14) | 39.47 | 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)
15.55
+0.85 (+5.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.78%
1 Week7.09%
2 Weeks12.52%
1 Month41.36%
3 Month66.31%
6 Month101.95%
12 Month61.31%
2 Year139.23%
3 Year376.99%
5 Year46.7%
10 Year78.74%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%4.76%
ATR Inc6.95%
Range Today0.98
ADR(20)0.69
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.42
Mansfield5.37
10 Day High15.68
10 Day Low13.05
20 Day High15.68
20 Day Low10.96
52 Week High15.68
52 Week Low6.38
CS1 End13.49
CR1 StartN/A
Volume & EV
DER(3)6.29%
DER(5)4.17%
Volume1.72M
Volume Incr-3.78%
Vol(5)1.51M
Vol(50)1.27M