PAN AMERICAN SILVER CORP (PAAS) Stock Technical Analysis
NYSE:PAAS - New York Stock Exchange, Inc. - CA6979001089 - Common Stock - Currency: USD
Taking everything into account, PAAS 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, PAAS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PAAS is one of the better performing stocks in the market, outperforming 91% of all stocks.
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.
In the last month PAAS has a been trading in the 26.77 - 32.50 range, which is quite wide. It is currently trading near the high of this range.
PAAS has an average volume of 5401060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PAAS is an average performer in the Metals & Mining industry, it outperforms 67% of 156 stocks in the same industry.
Although PAAS has an excellent technical rating, the quality of the presented setup is not ideal 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
23.08
32.33
When analyzing the support we can see 4 important areas.
- Support @27.94 from a trend line in the daily time frame.
- A support zone ranging from 27.02 to 27.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.32 from a trend line in the weekly time frame.
- A support zone ranging from 23.31 to 23.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.95 to 32.01. 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 | 91.79 | POSITIVE | PAAS has a high relative strength, it outperformed 91.79% 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) | 63.59 | NEUTRAL | The RSI value for PAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests PAAS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.37 | OVERBOUGHT | The high Stochastics value suggests PAAS may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for PAAS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.23 | POSITIVE | The high ADX value value for PAAS 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)
31.74
+0.33 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.05%
1 Week-0.66%
2 Weeks17.47%
1 Month12.99%
3 Month39.58%
6 Month29.76%
12 Month55.59%
2 Year91.78%
3 Year113.31%
5 Year-12.22%
10 Year358.01%
15 Year28.19%
Volatility
ATR(14)1.03
ATR(20)%3.25%
ATR Inc-25.15%
Range Today0.71
ADR(20)0.94
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.79
Mansfield1.89
10 Day High32.5
10 Day Low27.3
20 Day High32.5
20 Day Low26.77
52 Week High32.5
52 Week Low18.5
CS1 End27.94
CR1 Start31.95
Volume & EV
DER(3)0.81%
DER(5)1.32%
Volume3.43M
Volume Incr-26.27%
Vol(5)3.90M
Vol(50)5.40M