MCEWEN MINING INC. - Daily - Technical analysis published on 09/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.04 USD
My targets
0.95 USD (-4.04%)
0.93 USD (-5.76%)
My analysis
MCEWEN MINING INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.04 USD. The next support located at 0.95 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.93 USD. Below this support, sellers could then target 0.79 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The MCEWEN MINING INC. rating is 0.99 USD. The price is lower by -1.98% since the last closing and was between 0.97 USD and 1.03 USD. This implies that the price is at +2.06% from its lowest and at -3.88% from its highest.0.97
1.03
0.99
Here is a more detailed summary of the historical variations registered by MCEWEN MINING INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MCEWEN MINING INC. in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.66 | 0.79 | 0.95 | 0.99 | 1.04 | 1.19 | 1.30 |
| Change (%) | -33.33% | -20.20% | -4.04% | - | +5.05% | +20.20% | +31.31% |
| Change | -0.33 | -0.20 | -0.04 | - | +0.05 | +0.20 | +0.31 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.92 | 0.96 | 1.00 | 1.04 | 1.08 | 1.12 |
| Camarilla | 0.99 | 1.00 | 1.00 | 1.01 | 1.02 | 1.02 | 1.03 |
| Woodie | 0.89 | 0.92 | 0.97 | 1.00 | 1.05 | 1.08 | 1.13 |
| Fibonacci | 0.92 | 0.95 | 0.97 | 1.00 | 1.03 | 1.05 | 1.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82 | 0.96 | 1.03 | 1.17 | 1.24 | 1.38 | 1.45 |
| Camarilla | 1.04 | 1.06 | 1.08 | 1.10 | 1.12 | 1.14 | 1.16 |
| Woodie | 0.79 | 0.94 | 1.00 | 1.15 | 1.21 | 1.36 | 1.42 |
| Fibonacci | 0.96 | 1.04 | 1.09 | 1.17 | 1.25 | 1.30 | 1.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 0.93 | 1.10 | 1.31 | 1.48 | 1.69 | 1.86 |
| Camarilla | 1.16 | 1.19 | 1.23 | 1.26 | 1.30 | 1.33 | 1.37 |
| Woodie | 0.69 | 0.92 | 1.07 | 1.30 | 1.45 | 1.68 | 1.83 |
| Fibonacci | 0.93 | 1.08 | 1.17 | 1.31 | 1.46 | 1.55 | 1.69 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.76 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -15.06 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.22 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 1.26 | |
| Zig ZAG (10): | 0.99 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 8.05 | |
| TEMA (21): | 1.00 | |
| Williams %R (14): | -91.34 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | -6.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4900 | |
| Courbe Coppock: | 32.15 |
| MA7: | 1.05 | |
| MA20: | 1.17 | |
| MA50: | 1.26 | |
| MA100: | 1.11 | |
| MAexp7: | 1.05 | |
| MAexp20: | 1.14 | |
| MAexp50: | 1.17 | |
| MAexp100: | 1.15 | |
| Price / MA7: | -5.71% | |
| Price / MA20: | -15.38% | |
| Price / MA50: | -21.43% | |
| Price / MA100: | -10.81% | |
| Price / MAexp7: | -5.71% | |
| Price / MAexp20: | -13.16% | |
| Price / MAexp50: | -15.38% | |
| Price / MAexp100: | -13.91% |
Quotes :
2020-09-25 19:59:59
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15 min delayed data
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NYSE Stocks
News
The last news published on MCEWEN MINING INC. at the time of the generation of this analysis was as follows:
- McEwen Mining Announces Closing of Financing
- McEwen Mining Announces Flow-Through Financing
- McEwen Mining Reports Q2 2020 Results
- McEwen Mining: Q2 2020 Production and Exploration Results
- McEwen Mining Closes the Refinancing of Its $50 Million Debt
This member declared not having a position on this financial instrument or a related financial instrument.
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