MAG SILVER CORP. - 1H - Technical analysis published on 07/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 13.41 USD
My targets
14.60 USD (+5.42%)
15.68 USD (+13.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAG SILVER CORP. as long as the price remains well above 13.41 USD. The buyers' bullish objective is set at 14.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.68 USD. If there is any crossing, the next objective would be the resistance located at 18.56 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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Additional analysis
Quotes
MAG SILVER CORP. rating 13.85 USD. The price has increased by +11.25% since the last closing and was traded between 12.63 USD and 14.00 USD over the period. The price is currently at +9.66% from its lowest and -1.07% from its highest.12.63
14.00
13.85
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
Here is a more detailed summary of the historical variations registered by MAG SILVER CORP.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MAG SILVER CORP. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 12.35 | 12.80 | 13.41 | 13.85 | 15.68 | 18.56 | 21.00 |
| Change (%) | -10.83% | -7.58% | -3.18% | - | +13.21% | +34.01% | +51.62% |
| Change | -1.50 | -1.05 | -0.44 | - | +1.83 | +4.71 | +7.15 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 10.86 | 11.22 | 11.84 | 12.20 | 12.82 | 13.18 | 13.80 |
| Camarilla | 12.18 | 12.27 | 12.36 | 12.45 | 12.54 | 12.63 | 12.72 |
| Woodie | 10.98 | 11.29 | 11.96 | 12.27 | 12.94 | 13.25 | 13.92 |
| Fibonacci | 11.22 | 11.60 | 11.83 | 12.20 | 12.58 | 12.81 | 13.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.53 | 10.25 | 10.92 | 11.64 | 12.31 | 13.03 | 13.70 |
| Camarilla | 11.22 | 11.35 | 11.47 | 11.60 | 11.73 | 11.86 | 11.98 |
| Woodie | 9.52 | 10.24 | 10.91 | 11.63 | 12.30 | 13.02 | 13.69 |
| Fibonacci | 10.25 | 10.78 | 11.11 | 11.64 | 12.17 | 12.50 | 13.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.22 | 9.65 | 10.91 | 13.34 | 14.60 | 17.03 | 18.29 |
| Camarilla | 11.16 | 11.49 | 11.83 | 12.17 | 12.51 | 12.85 | 13.19 |
| Woodie | 6.64 | 9.36 | 10.33 | 13.05 | 14.02 | 16.74 | 17.71 |
| Fibonacci | 9.65 | 11.06 | 11.93 | 13.34 | 14.75 | 15.62 | 17.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 81.56 | |
| MACD (12,26,9): | 0.6100 | |
| Directional Movement: | 39.54 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 13.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.34 | |
| Elder Ray (13): | 0.66 | |
| Super Trend (3,10): | 13.01 | |
| Zig ZAG (10): | 13.86 | |
| VORTEX (21): | 1.4300 | |
| Stochastique (14,3,5): | 91.01 | |
| TEMA (21): | 13.93 | |
| Williams %R (14): | -5.81 | |
| Chande Momentum Oscillator (20): | 1.89 | |
| Repulse (5,40,3): | 2.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5300 | |
| Courbe Coppock: | 32.65 |
| MA7: | 11.99 | |
| MA20: | 11.53 | |
| MA50: | 12.93 | |
| MA100: | 14.51 | |
| MAexp7: | 13.58 | |
| MAexp20: | 12.83 | |
| MAexp50: | 12.16 | |
| MAexp100: | 11.89 | |
| Price / MA7: | +15.51% | |
| Price / MA20: | +20.12% | |
| Price / MA50: | +7.12% | |
| Price / MA100: | -4.55% | |
| Price / MAexp7: | +1.99% | |
| Price / MAexp20: | +7.95% | |
| Price / MAexp50: | +13.90% | |
| Price / MAexp100: | +16.48% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on MAG SILVER CORP. at the time of the generation of this analysis was as follows:
- MAG Silver Reports Second Quarter Production From Juanicipio
- MAG Reports AGSM Results
- Gatling Exploration Inc. Completes Plan of Arrangement with MAG Silver Corp
- MAG Silver Reports First Quarter Financial Results
- Gatling Announces ISS and Glass Lewis Recommend Voting FOR the Proposed Plan of Arrangement with MAG Silver Corp.
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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