PAN AMERICAN SILVER CORP (PAAS) Stock Technical Analysis
NYSE:PAAS - New York Stock Exchange, Inc. - CA6979001089 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PAAS. Both in the recent history as in the last year, PAAS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
PAAS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
PAAS 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.
PAAS has an average volume of 5734770 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 PAAS is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
PAAS is part of the Metals & Mining industry. There are 154 other stocks in this industry, PAAS did better than 61% of them.
Besides having an excellent technical rating, PAAS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.76, a Stop Loss order could be placed below this zone.
More info and screens
23.20
29.64
We found 4 important support areas.
- A support zone ranging from 28.40 to 28.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.72 to 27.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.02 to 24.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.21 to 29.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PAAS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAAS is up. |
| ChartMill Relative Strength | 85.76 | POSITIVE | PAAS has a high relative strength, it outperformed 85.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAAS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAAS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.81 | NEUTRAL | The RSI value for PAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests PAAS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.17 | NEUTRAL | The Stochastics value for PAAS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for PAAS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.98 | NEUTRAL | The ADX value for PAAS suggests a possible start of a new 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 |
|---|---|---|---|
| 29.36 | 28.39 | 0.97 (3.30%) | 25.00% |
| An entry @29.36. This is a Buy Stop order right above the resistance zone. | An exit @28.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.97 points, which is 3.30%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PAAS. 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.
29.2
+0.42 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.46%
1 Week0.24%
2 Weeks0.79%
1 Month9.82%
3 Month35.88%
6 Month40.12%
12 Month35.81%
2 Year72.99%
3 Year43.63%
5 Year-21.84%
10 Year367.95%
15 Year27.18%
Volatility
ATR(14)0.8
ATR(20)%3.07%
ATR Inc-22.95%
Range Today0.66
ADR(20)0.75
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.76
Mansfield1.51
10 Day High29.48
10 Day Low27.53
20 Day High29.66
20 Day Low27.53
52 Week High29.66
52 Week Low17.86
CS1 End28.76
CR1 Start29.21
Volume & EV
DER(3)2.97%
DER(5)2.79%
Volume2.69M
Volume Incr-35.54%
Vol(5)3.94M
Vol(50)5.73M