MAG SILVER CORP (MAG) Stock Technical Analysis
NYSEARCA:MAG - NYSE Arca - CA55903Q1046 - Common Stock - Currency: USD
Overall MAG gets a technical rating of 4 out of 10. MAG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month MAG has a been trading in the 12.42 - 16.89 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that MAG is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MAG is part of the Metals & Mining industry. There are 152 other stocks in this industry, MAG did better than 60% of them.
MAG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
MAG has only a medium technical rating, but it does show 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 15.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.71, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.49
17.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.05 to 15.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.62 to 13.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.62 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.76 to 15.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.51 from a trend line in the daily time frame.
- Resistance @17.10 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.33
Mansfield1.34
10 Day High16.49
10 Day Low13.88
20 Day High16.89
20 Day Low12.42
52 Week High18.27
52 Week Low11.29
Performance
1 Week-1.75%
2 Weeks12.85%
1 Month-1.87%
3 Month3.76%
6 Month-9.81%
12 Month21.3%
2 Year21.11%
3 Year6.65%
5 Year36.81%
10 Year-45.32%
15 Year927.45%
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)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)53.57
LBB12.65
UBB16.98
15.72
+0.12 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.77%
1 Week-1.75%
2 Weeks12.85%
1 Month-1.87%
3 Month3.76%
6 Month-9.81%
12 Month21.3%
2 Year21.11%
3 Year6.65%
5 Year36.81%
10 Year-45.32%
15 Year927.45%
Volatility
ATR(14)1.1
ATR(20)%6.58%
ATR Inc-33.32%
Range Today0.58
ADR(20)0.98
ADR(20)%6.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.33
Mansfield1.34
10 Day High16.49
10 Day Low13.88
20 Day High16.89
20 Day Low12.42
52 Week High18.27
52 Week Low11.29
CS1 End15.71
CR1 Start15.76
Volume & EV
DER(3)0.76%
DER(5)-0.32%
Volume469.50K
Volume Incr-20.35%
Vol(5)723.86K
Vol(50)767.86K