MCEWEN MINING INC. - 15 min. - Technical analysis published on 04/29/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.20 USD
My targets
1.25 USD (+0.56%)
1.29 USD (+4.27%)
My analysis
The basic bullish trend is very strong on MCEWEN MINING INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.20 USD. Crossing the first resistance at 1.25 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.29 USD as an objective. Crossing it would then enable buyers to target 1.33 USD. Caution, a return to below 1.20 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
MCEWEN MINING INC. rating 1.24 USD. The price registered an increase of +5.09% on the session and was between 1.21 USD and 1.25 USD. This implies that the price is at +2.48% from its lowest and at -0.80% from its highest.1.21
1.25
1.24
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MCEWEN MINING INC. in 15 min. shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.17 | 1.19 | 1.22 | 1.24 | 1.27 | 1.33 | 1.46 |
| Change (%) | -5.65% | -4.03% | -1.61% | - | +2.42% | +7.26% | +17.74% |
| Change | -0.07 | -0.05 | -0.02 | - | +0.03 | +0.09 | +0.22 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | 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 | 1.05 | 1.09 | 1.13 | 1.17 | 1.21 | 1.25 | 1.29 |
| Camarilla | 1.16 | 1.17 | 1.17 | 1.18 | 1.19 | 1.20 | 1.20 |
| Woodie | 1.06 | 1.09 | 1.14 | 1.17 | 1.22 | 1.25 | 1.30 |
| Fibonacci | 1.09 | 1.12 | 1.14 | 1.17 | 1.20 | 1.22 | 1.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.02 | 1.07 | 1.11 | 1.16 | 1.20 | 1.25 | 1.29 |
| Camarilla | 1.13 | 1.13 | 1.14 | 1.15 | 1.16 | 1.17 | 1.18 |
| Woodie | 1.02 | 1.07 | 1.11 | 1.16 | 1.20 | 1.25 | 1.29 |
| Fibonacci | 1.07 | 1.10 | 1.13 | 1.16 | 1.19 | 1.22 | 1.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.73 | 0.85 | 0.95 | 1.07 | 1.17 | 1.29 | 1.39 |
| Camarilla | 0.98 | 1.00 | 1.02 | 1.04 | 1.06 | 1.08 | 1.10 |
| Woodie | 0.71 | 0.85 | 0.93 | 1.07 | 1.15 | 1.29 | 1.37 |
| Fibonacci | 0.85 | 0.94 | 0.99 | 1.07 | 1.16 | 1.21 | 1.29 |
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): | 56.03 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 5.73 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 1.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.16 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.15 | |
| Zig ZAG (10): | 1.18 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 54.17 | |
| TEMA (21): | 1.19 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.15 |
| MA7: | 1.16 | |
| MA20: | 1.14 | |
| MA50: | 1.12 | |
| MA100: | 1.09 | |
| MAexp7: | 1.18 | |
| MAexp20: | 1.17 | |
| MAexp50: | 1.17 | |
| MAexp100: | 1.16 | |
| Price / MA7: | +6.90% | |
| Price / MA20: | +8.77% | |
| Price / MA50: | +10.71% | |
| Price / MA100: | +13.76% | |
| Price / MAexp7: | +5.08% | |
| Price / MAexp20: | +5.98% | |
| Price / MAexp50: | +5.98% | |
| Price / MAexp100: | +6.90% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on MCEWEN MINING INC.. At the time of publication of this analysis, the latest news was as follows:
- McEwen Mining: Q1 2021 Production Results
- MCEWEN MINING: Additions to Senior Management
- MCEWEN MINING: Normal Operation Restored in Mexico
- MCEWEN MINING: Disruption of Mexican Operation
- MCEWEN MINING: 2021 Outlook and 2020 Year End and Q4 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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