PAN AMERICAN SILVER CORP (PAAS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PAAS - CA6979001089 - Common Stock
We assign a technical rating of 10 out of 10 to PAAS. 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.
PAAS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
27.03
We found 5 important support areas.
- A support zone ranging from 51.80 to 51.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.26 from a trend line in the weekly time frame.
- Support @36.64 from a trend line in the daily time frame.
- Support @35.05 from a trend line in the daily time frame.
- Support @27.30 from a trend line in the weekly 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 PAAS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAAS is up. |
| ChartMill Relative Strength | 97.47 | POSITIVE | PAAS has a high relative strength, it outperformed 97.47% 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) | 62.19 | NEUTRAL | The RSI value for PAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PAAS has a negative trend. |
| Stochastics (14,3) | 59.54 | NEUTRAL | The Stochastics value for PAAS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for PAAS suggests some volalility. |
| Average Directional Index/ADX (14) | 41.45 | POSITIVE | The high ADX value value for PAAS suggests a strong trend. |
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 |
|---|---|---|---|
| 52.55 | 51.79 | 0.76 (1.44%) | 25.00% |
| An entry @52.55. This is a Buy Stop order right above the 10 day moving average. | An exit @51.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.76 points, which is 1.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- 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.
51.81
-0.88 (-1.67%)
PAN AMERICAN SILVER CORP / PAAS FAQ
What is the ChartMill technical rating of PAN AMERICAN SILVER CORP (PAAS) stock?
ChartMill assigns a technical rating of 10 / 10 to PAAS.
What is the trend direction for PAAS stock?
The current trend direction for PAN AMERICAN SILVER CORP (PAAS) is Bullish.
What is the RSI signal for PAN AMERICAN SILVER CORP (PAAS) stock?
PAN AMERICAN SILVER CORP (PAAS) has an RSI value of 62.1903. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PAN AMERICAN SILVER CORP?
The buy/sell signal for PAN AMERICAN SILVER CORP (PAAS) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PAAS stock?
PAN AMERICAN SILVER CORP (PAAS) has a support level at 51.8. Check the full technical report for our detailed analysis of PAAS support and resistance levels.