MAG SILVER CORP (MVG) Technical Analysis
NYSEARCA:MVG • CA55903Q1046
Current stock price
MVG Technical Rating and Analysis
Taking everything into account, MVG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MVG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that MVG is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, MVG also shows a nice and consistent pattern of rising prices.
- MVG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MVG is performing more or less in line with the market.
- In the last month MVG has a been trading in the 11.73 - 14.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MVG Weekly and Daily overview Charts
MVG Setup Rating and Analysis
Besides having an excellent technical rating, MVG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.12, a Stop Loss order could be placed below this zone.
More info and screens
MVG Support and Resistance Analysis
6.60
3 important support areas can be observed.
- A support zone ranging from 11.94 to 12.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.94 from a trend line in the daily time frame.
- Support @6.67 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 12.70 to 12.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.18 from a trend line in the daily time frame.
- A resistance zone ranging from 13.77 to 13.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.32 from a horizontal line in the daily time frame.
MVG Technical Indicator Signal Analysis
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 MVG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MVG is neutral. |
| ChartMill Relative Strength | 92.49 | POSITIVE | MVG has a high relative strength, it outperformed 92.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MVG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MVG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MVG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.91 | NEUTRAL | The RSI value for MVG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MVG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.18 | NEUTRAL | The Stochastics value for MVG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for MVG suggests high volalility. |
MVG Chart- and CandleStick Pattern Analysis
MVG Example Setup
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 |
|---|---|---|---|
| 12.97 | 11.93 | 1.04 (8.02%) | 12.47% |
| An entry @12.97. This is a Buy Stop order right above the resistance zone. | An exit @11.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.04 points, which is 8.02%. | When investing 12.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MVG. 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.
MVG Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:MVG (6/24/2016, 8:30:07 PM)
12.52
+0.15 (+1.21%)
MAG SILVER CORP / MVG TA FAQ
Can you provide the ChartMill technical rating for MAG SILVER CORP?
ChartMill assigns a technical rating of 9 / 10 to MVG.
What is the trend direction for MVG stock?
The current trend direction for MAG SILVER CORP (MVG) is Bullish.
Can you provide the RSI signal for MAG SILVER CORP?
MAG SILVER CORP (MVG) has an RSI value of 46.9087. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MAG SILVER CORP?
The MACD indicator for MAG SILVER CORP (MVG) has a value of -0.149866, indicating a bearish trend.
What is the short term momentum for MAG SILVER CORP (MVG) stock?
The short term momentum for MAG SILVER CORP (MVG) is neutral.