Londinia Opportunities Analyses - 12/19/2024 (GMT) MAG SILVER CORP. - 1H

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Type:	Stocks
Ticker:	MAG
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

83%

11%

My opinion

Bearish under 14.10 USD

My targets

12.78 USD (-6.37%)

12.66 USD (-7.25%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MAG SILVER CORP. as long as the price remains well below 14.10 USD. The sellers' bearish objective is set at 12.78 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.66 USD. In case of crossing, the next objective would be the support located at 11.77 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.6

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Additional analysis

Quotes

MAG SILVER CORP. rating 13.65 USD. The price registered a decrease of -1.16% on the session and was traded between 13.65 USD and 14.09 USD over the period. The price is currently at 0% from its lowest and -3.12% from its highest.

13.65

14.09

13.65

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MAG SILVER CORP. chart shows a sharp bearish trend. 92.86% 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.

In fact, 15 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.67	11.77	12.66	13.65	14.10	14.77	15.60
Change (%)	-21.83%	-13.77%	-7.25%	-	+3.30%	+8.21%	+14.29%
Change	-2.98	-1.88	-0.99	-	+0.45	+1.12	+1.95
Level	Intermediate	Intermediate	Minor	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.57	13.17	13.49	14.09	14.41	15.01	15.33
Camarilla	13.56	13.64	13.73	13.81	13.89	13.98	14.06
Woodie	12.43	13.10	13.35	14.02	14.27	14.94	15.19
Fibonacci	13.17	13.52	13.74	14.09	14.44	14.66	15.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.78	13.74	14.34	15.30	15.90	16.86	17.46
Camarilla	14.51	14.65	14.80	14.94	15.08	15.23	15.37
Woodie	12.60	13.65	14.16	15.21	15.72	16.77	17.28
Fibonacci	13.74	14.34	14.70	15.30	15.90	16.26	16.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.26	12.89	14.11	15.74	16.96	18.59	19.81
Camarilla	14.56	14.82	15.08	15.34	15.60	15.86	16.12
Woodie	11.07	12.79	13.92	15.64	16.77	18.49	19.62
Fibonacci	12.89	13.98	14.65	15.74	16.83	17.50	18.59

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):	23.30
MACD (12,26,9):	-0.3400
Directional Movement:	-36.40
AROON (14):	-78.57
DEMA (21):	13.93
Parabolic SAR (0,02-0,02-0,2):	14.44
Elder Ray (13):	-0.48
Super Trend (3,10):	14.22
Zig ZAG (10):	13.66
VORTEX (21):	0.6700
Stochastique (14,3,5):	1.93
TEMA (21):	13.78
Williams %R (14):	-99.13
Chande Momentum Oscillator (20):	-1.11
Repulse (5,40,3):	-2.3200
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	10.79

MA7:	14.75
MA20:	15.21
MA50:	15.90
MA100:	14.68
MAexp7:	13.93
MAexp20:	14.34
MAexp50:	14.79
MAexp100:	15.11
Price / MA7:	-7.46%
Price / MA20:	-10.26%
Price / MA50:	-14.15%
Price / MA100:	-7.02%
Price / MAexp7:	-2.01%
Price / MAexp20:	-4.81%
Price / MAexp50:	-7.71%
Price / MAexp100:	-9.66%

Quotes : - 15 min delayed data - Actions NYSE MKT

News

The latest news and videos published on MAG SILVER CORP. at the time of the analysis were as follows: