First Majestic Silver Technical Analysis (NYSE:AG)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The First Majestic Silver stock price data and volume are plotted in AG stock charts and these trading charts form the basis of technical analysis.
See First Majestic Silver bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for First Majestic Silver stock analysis that does not care for the fair value of a company but uses price and volume data only.
First Majestic Silver Moving Average
Moving averages show the average price of AG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.37 is below the price of $7.65.
First Majestic Silver Bollinger Bands
Bollinger bands comprise of a center line usually AG SMA, and two AG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. First Majestic Silver bollinger bands show that the stock price is $7.65, upper band is 7.87, lower band is 6.88, and the average is 7.37.
First Majestic Silver Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The First Majestic Silver MACD indicator is below 0 indicating a bearish trend.
First Majestic Silver Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 63.64 is the RSI value of AG stock.