MCEWEN MINING INC (MUX) Stock Technical Analysis
NYSE:MUX - New York Stock Exchange, Inc. - US58039P3055 - Common Stock - Currency: USD
Overall MUX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MUX is only an average performer.
The long and short term trends are both positive. This is looking good!
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 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
MUX is part of the Metals & Mining industry. There are 156 other stocks in this industry, MUX did better than 49% of them.
MUX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MUX is lagging the market slightly.
MUX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.04, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.74
9.72
3 important support areas can be observed.
- A support zone ranging from 8.96 to 9.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.52 to 7.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.81 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.36 to 9.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.57 to 9.62. 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 | 74.2 | POSITIVE | MUX has a high relative strength, it outperformed 74.2% 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) | 61.17 | 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. |
| Stochastics (14,3) | 68.6 | NEUTRAL | The Stochastics value for MUX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for MUX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.77 | 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 |
|---|---|---|---|
| 9.41 | 8.99 | 0.42 (4.46%) | 22.40% |
| An entry @9.41. This is a Buy Stop order right above the resistance zone. | An exit @8.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.42 points, which is 4.46%. | For a 1.00% total portfolio risk, you can invest 22.40% 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.
9.28
+0.23 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.54%
1 Week-1.17%
2 Weeks-0.85%
1 Month20.99%
3 Month20.52%
6 Month17.17%
12 Month1.09%
2 Year29.07%
3 Year111.29%
5 Year-8.12%
10 Year-3.33%
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%3.73%
ATR Inc10.56%
Range Today0.36
ADR(20)0.33
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.2
Mansfield0.43
10 Day High9.72
10 Day Low9
20 Day High9.72
20 Day Low7.62
52 Week High11.39
52 Week Low6.38
CS1 End9.04
CR1 Start9.36
Volume & EV
DER(3)1.5%
DER(5)2.94%
Volume655.60K
Volume Incr31.62%
Vol(5)909.94K
Vol(50)694.49K