Technical analysis from MAG Silver Corporation (MAG, AMEX:MAG) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

MAG Silver Corporation
+ Share

Limit order for a short position has been identified for MAG Silver Corporation @$2.9100
Fibonacci Extensions /
Limit order for a short position has been identified for MAG Silver Corporation @$2.9100

MAG Silver Corporation: The current Fibonacci Extension levels are: (23.61%) $11.4000: (38.2%) $11.0800: (50%) $10.8300: (61.8%) $10.5700The current support levels are: (78.6%) $10.2000: (100%) $9.7300: (138.2%) $8.8900: (161.8%) $8.3800: (261.8%) $6.1900: (423.61%) $2.6400

Negative VROC for MAG Silver Corporation is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for MAG Silver Corporation is a leading indicator for continued price fall

[BEARISH]: MAG Silver Corporation currently has negative rate of change of -20.0000%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.3000%.

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for MAG

[BEARISH]: MAG Silver Corporation currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -2.3%.

Average Directional Movement /
MAG Silver Corporation: ADX(27.9100) has signalled a strong trend is current

[Trend]: ADX for MAG has confirmed a strong trend is presentMAG Silver Corporation has an ATR(14) of 0.3330, a DX of 32.3600 & an ADX(14) of 27.9100

Short Trend /
[Downtrend]: A lower low has been achieved again for MAG Silver Corporation

[BEARISH]: MAG Silver Corporation is in a downtrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 5

Three Black Crows /
MAG Silver Corporation: Three Black Crows

[BEARISH]: MAG Silver Corporation has formed a new Three Black Crows reversal pattern.

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Chaikin Money Flow /
MAG Silver Corporation continues positive divergence & potential shift in direction

MAG: Chaikin Oscillator Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH

MAG has achieved a lower low of $11.1000 (-1.2 %)
Low Price /
MAG has achieved a lower low of $11.1000 (-1.2 %)

[BULLISH]: MAG Silver Corporation current downtrend in the first timeframe. Currently, the Low is $11.1000 (-1.2 %).

MAG: Current trading activity signals DVI accumulation is active
Daily Volume Index /
MAG: Current trading activity signals DVI accumulation is active

[BULLISH]: MAG Silver Corporation current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 316.0000.

Ease of Movement /
MAG Silver Corporation Ease of Movement is -15.7560 [Easily Moved]

[BEARISH]: MAG Silver Corporation current price have moved downwards on low volume. Currently, the Ease of Movement is -15.7560

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for MAG Silver Corporation

[BEARISH]: MAG Silver Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.7650.

Percentage Volume /
Percentage volume oscillator remains negative for MAG

[BEARISH]: MAG Silver Corporation currently has negative PVO -10.0000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -4.4%.

[Short]: Limit orders for MAG Silver Corporation should be set at $10.9560
Woodie Pivot Point /
[Short]: Limit orders for MAG Silver Corporation should be set at $10.9560

MAG Silver Corporation has broken the first Woodie support point ($10.9560) [Bearish]. Look for a short limit order entry near this point. Exit price for MAG should be set @$10.8730 & short position stoploss for MAG Silver Corporation should be set at $11.4930

MAG Silver Corporation: Elder Ray Index is 0.2590 [Bullish]
Elder Ray Index /
MAG Silver Corporation: Elder Ray Index is 0.2590 [Bullish]

[BULLISH]: MAG Silver CorporationElder Ray Index is signalling a Bullish movementERI is 0.2590 indicating bull power. Prices are being driven above the consensus of value for MAG during the last trading session [Buying Pressure]

Detrended Price Oscillator /
MAG Silver Corporation: Detrended Price Oscillator(20) (0.6750)

MAG: DPO Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH CROSSOVER

Range Tod Vs Range Yest /
MAG Silver Corporation: Range Performance (63.2)

MAG: Range today versus range yesterday Current Signal ->(1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BEARISH

Opening Price /
MAG Silver Corporation: Daily opening price is $11.3000

[BEARISH]: MAG Silver Corporation opening price has gapped down. Currently, the OPEN is $11.3000 (-1.0 %).

MAG Silver Corporation: Over the last month there has been 3 trading days giving a confirmation ratio of 16.7%.
Open Tod Vs Close Tod /
MAG Silver Corporation: Over the last month there has been 3 trading days giving a confirmation ratio of 16.7%.

[BEARISH]: MAG Silver Corporation opened in the middle part of daily range at 64.500000000000000% & closed in the lower part of the trading range at 3.200000000000000%. This suggests the sellers have taken control. Over the last 12 months there has been 30 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 11.4%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 16.7%.

The SWMA trend following signal is still current for MAG Silver Corporation [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for MAG Silver Corporation [Bearish]

[BEARISH]: MAG Silver Corporation currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.3%.

Market movement acceleration likely for MAG as a result of Green Day
Bill Williams Market Facilitation /
Market movement acceleration likely for MAG as a result of Green Day

MAG Silver Corporation Currently is a confirmed Green Day. Both MFI & volume are down for MAG. Trend continuation likely for MAG from increased trading activity.

Pivot Points /
[Short]: Entry price for MAG should be set @$11.0040

MAG Silver Corporation current pivot point is: 11.2070. The current resistance levels are: (R1) $11.3140: (R2) $11.5170: (R3) $11.6240: The current support levels are: (S1) $11.0040: (S2) $10.8970: (S3) $10.6940

Price Range /
MAG Silver Corporation has reached a higher range ($0.3100)

[BULLISH]: MAG Silver Corporation current uptrend in the first timeframe. Currently, the Range is $0.3100.

Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -12.8%

MAG: Recent performance signals ->(1) 25 Apr: NEUTRAL (2) 24 Apr: BULLISH (3) 23 Apr: NEUTRAL

Triangular Moving Average /
MAG: Price has moved below the TMA(5) @$11.3920

MAG: TMA Recent Trading -> (1) 25 Apr: 11.3920 (2) 24 Apr: 11.3280 (3) 23 Apr: 11.2220

MAG Silver Corporation: Closing price $11.1100 is below the SMA(5) @$11.3960
Simple Moving Average /
MAG Silver Corporation: Closing price $11.1100 is below the SMA(5) @$11.3960

[BULLISH]: MAG Silver Corporation currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.3%.

14-day rate of change is increasing for MAG Silver Corporation
Rate of Change /
14-day rate of change is increasing for MAG Silver Corporation

[BULLISH]: MAG Silver Corporation currently has positive rate of change of 5.7000%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Volume /
MAG Silver Corporation: Daily volume is 157400 [Higher Volume]

[BULLISH]: MAG Silver Corporation current volume uptrend in the first timeframe. Volume for MAG is157400 (27.9).

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