MAG SILVER CORP (MVG) Stock Technical Analysis
NYSEARCA:MVG - NYSE Arca - CA55903Q1046
Taking everything into account, MVG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MVG is showing a nice and steady performance.
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.
Looking at the yearly performance, MVG did better than 92% of all other stocks. We also observe that the gains produced by MVG over the past year are nicely spread over this period.
MVG 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 MVG is lagging the market slightly.
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.
Besides having an excellent technical rating, MVG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
6.60
14.46
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.
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. |
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 |
|---|---|---|---|
| 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 trade has a worst case loss of 1.04 points, which is 8.02%. | For a 1.00% total portfolio risk, you can invest 12.47% of your capital in this trade. |
- 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.
NYSEARCA:MVG (6/24/2016, 8:30:07 PM)
12.52
+0.15 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.21%
1 Week-4.28%
2 Weeks-9.01%
1 Month1.38%
3 Month34.77%
6 Month72.45%
12 Month51.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%6.16%
ATR Inc-16.44%
Range Today0.79
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.49
Mansfield4.54
10 Day High14.05
10 Day Low11.85
20 Day High14.4
20 Day Low11.73
52 Week High14.4
52 Week Low6.12
CS1 End12.12
CR1 Start12.7
Volume & EV
DER(3)-1.84%
DER(5)-3.88%
Volume172.30K
Volume Incr28.24%
Vol(5)177.88K
Vol(50)153.85K