Technical Analysis for MAG - MAG Silver Corp.

Grade Last Price % Change Price Change
C 22.060 4.70% 0.990
MAG closed down 1.27 percent on Friday, November 15, 2024, on 59 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 4.70%
180 Bearish Setup Bearish Swing Setup 4.70%
NR7 Range Contraction 4.70%
Oversold Stochastic Weakness 4.70%
MACD Bearish Centerline Cross Bearish 3.37%
Crossed Above 50 DMA Bullish 3.37%
Lower Bollinger Band Walk Weakness 3.37%
Gapped Down Weakness 3.37%
Lower Bollinger Band Touch Weakness 3.37%
Oversold Stochastic Weakness 3.37%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 2 hours ago
Up 5% about 2 hours ago
Gapped Up (Full) about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Rose Above 50 DMA about 3 hours ago

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Profile

MAG Silver Corp. Description

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company's projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property. Juanicipio Property is located in the Fresnillo District, Zacatecas State, Mexico. The Juanicipio Property includes silver-gold-lead-zinc epithermal vein deposit. The Company owns the mineral concessions comprising the Cinco de Mayo Property. The Cinco de Mayo Property is located approximately 190 kilometers northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and covers approximately 25,110 hectares. The Company owns the Guigui project located in the Santa Eulalia Mining District of Chihuahua, Mexico. Guigui project consists of approximately 8,300 hectares.


Classification

Sector: Basic Materials
Industry: Silver
Keywords: Mining Mineral Gold Mineral Properties Silver Mineral Exploration Zinc Mayo

Is MAG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 25.36
52 Week Low 11.15
Average Volume 251,812
200-Day Moving Average 17.273
50-Day Moving Average 21.101
20-Day Moving Average 23.167
10-Day Moving Average 21.923
Average True Range 0.979
RSI (14) 41.86
ADX 32.71
+DI 16.429
-DI 33.387
Chandelier Exit (Long, 3 ATRs) 22.423
Chandelier Exit (Short, 3 ATRs) 23.287
Upper Bollinger Bands 26.005
Lower Bollinger Band 20.328
Percent B (%b) 0.13
BandWidth 24.502
MACD Line -0.099
MACD Signal Line 0.356
MACD Histogram -0.4542
Fundamentals Value
Market Cap 2 Billion
Num Shares 94.7 Million
EPS -0.05
Price-to-Earnings (P/E) Ratio -390.19
Price-to-Sales 0.00
Price-to-Book 5.23
PEG Ratio -4.98
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.015
Resistance 3 (R3) 22.080 21.830 21.858
Resistance 2 (R2) 21.830 21.589 21.798 21.805
Resistance 1 (R1) 21.450 21.441 21.325 21.385 21.752
Pivot Point 21.200 21.200 21.138 21.168 21.200
Support 1 (S1) 20.820 20.959 20.695 20.755 20.388
Support 2 (S2) 20.570 20.811 20.538 20.335
Support 3 (S3) 20.190 20.570 20.283
Support 4 (S4) 20.125