MAG SILVER CORP.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MAG
ISIN:

MAG SILVER CORP. - Daily - Technical analysis published on 02/11/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 11.12 USD

My targets

9.55 USD (-8.70%)

8.24 USD (-21.22%)

My analysis

MAG SILVER CORP. 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 11.12 USD. The next support located at 9.55 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 8.24 USD. Below this support, sellers could then target 7.17 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

FORCE

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MAG SILVER CORP. price is 10.46 USD. The price has increased by +0.00% since the last closing and was between 10.45 USD and 10.59 USD. This implies that the price is at +0.10% from its lowest and at -1.23% from its highest.

10.45

10.59

10.46

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MAG SILVER CORP. indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.17	8.24	9.55	10.46	10.53	11.12	11.96
Change (%)	-31.45%	-21.22%	-8.70%	-	+0.67%	+6.31%	+14.34%
Change	-3.29	-2.22	-0.91	-	+0.07	+0.66	+1.50
Level	Minor	Minor	Major	-	Major	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	10.03	10.15	10.31	10.43	10.59	10.71	10.87
Camarilla	10.38	10.41	10.43	10.46	10.49	10.51	10.54
Woodie	10.04	10.16	10.32	10.44	10.60	10.72	10.88
Fibonacci	10.15	10.26	10.33	10.43	10.54	10.61	10.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.09	9.56	9.95	10.42	10.81	11.28	11.67
Camarilla	10.09	10.17	10.25	10.33	10.41	10.49	10.57
Woodie	9.04	9.54	9.90	10.40	10.76	11.26	11.62
Fibonacci	9.56	9.89	10.10	10.42	10.75	10.96	11.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.65	9.51	10.21	11.07	11.78	12.64	13.34
Camarilla	10.49	10.63	10.78	10.92	11.06	11.21	11.35
Woodie	8.57	9.47	10.14	11.03	11.70	12.60	13.27
Fibonacci	9.51	10.10	10.47	11.07	11.67	12.04	12.64

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):	45.68
MACD (12,26,9):	-0.1300
Directional Movement:	-9.41
AROON (14):	-42.86
DEMA (21):	10.55
Parabolic SAR (0,02-0,02-0,2):	11.10
Elder Ray (13):	-0.09
Super Trend (3,10):	11.51
Zig ZAG (10):	10.52
VORTEX (21):	0.9400
Stochastique (14,3,5):	28.62
TEMA (21):	10.39
Williams %R (14):	-66.67
Chande Momentum Oscillator (20):	-0.63
Repulse (5,40,3):	-0.7700
ROCnROLL:	2
TRIX (15,9):	-0.1400
Courbe Coppock:	7.03

MA7:	10.47
MA20:	10.73
MA50:	10.91
MA100:	10.55
MAexp7:	10.51
MAexp20:	10.69
MAexp50:	10.76
MAexp100:	10.73
Price / MA7:	-0.10%
Price / MA20:	-2.52%
Price / MA50:	-4.12%
Price / MA100:	-0.85%
Price / MAexp7:	-0.48%
Price / MAexp20:	-2.15%
Price / MAexp50:	-2.79%
Price / MAexp100:	-2.52%

News

The last news published on MAG SILVER CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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