MCEWEN INC (MUX) Technical Analysis
NYSE:MUX • US58039P3055
Taking everything into account, MUX scores 9 out of 10 in our technical rating. In the last year, MUX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month MUX has a been trading in the 22.94 - 28.70 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MUX did better than 98% of all other stocks. We also observe that the gains produced by MUX over the past year are nicely spread over this period.
- 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 1298100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
19.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.22 to 23.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.42 from a trend line in the daily time frame.
- Support @19.74 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 | NEUTRAL | NEUTRAL | The short term trend for MUX is neutral. |
| ChartMill Relative Strength | 98.02 | POSITIVE | MUX has a high relative strength, it outperformed 98.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MUX is below a declining 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) | 44.48 | NEUTRAL | The RSI value for MUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests MUX has a negative trend. |
| Stochastics (14,3) | 39.12 | NEUTRAL | The Stochastics value for MUX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.41 | HIGH VOLATILITY | The high ATR as a percentage value for MUX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for MUX suggests a weak or negative trend. |
MUX Technicals: Chart, Performance Metrics, Trend & Indicators
24.18
-1.65 (-6.39%)
MCEWEN INC / MUX FAQ
What is the ChartMill technical rating of MCEWEN INC (MUX) stock?
ChartMill assigns a technical rating of 9 / 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 44.4796. 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.
Can you provide the support and resistance levels for MCEWEN INC?
MCEWEN INC (MUX) has a support level at 23.51. Check the full technical report for our detailed analysis of MUX support and resistance levels.