First Majestic Silver Technical Analysis (NYSE:AG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. A AG stock chart pattern can give those who understand technical analysis an indication of which way AG stock is headed, but cannot predict with 100% certainty as to what can happen to the First Majestic Silver stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for First Majestic Silver. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking First Majestic Silver stock analysis using these technical indicators helps identify trading opportunities.
First Majestic Silver Moving Average:
Moving averages show the AG stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.24 is above the price of $6.52.
First Majestic Silver Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the AG stock. First Majestic Silver bollinger bands show that the stock price is $6.52, upper band is 15.74, lower band is 10.55, and the average is 13.14.
First Majestic Silver Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The First Majestic Silver MACD indicator can be used to identify bullish and bearish trends for the stock.
First Majestic Silver Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 31.09 is the RSI value of AG stock. .