Technical Analysis for AG - First Majestic Silver Corp.

Grade Last Price % Change Price Change
grade D 10.53 -4.71% -0.52
AG closed down 4.71 percent on Friday, January 17, 2020, on 1.45 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical AG trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish -4.71%
50 DMA Support Bullish -4.71%
Stochastic Buy Signal Bullish -4.71%
Oversold Stochastic Weakness -4.71%
Crossed Above 50 DMA Bullish -4.79%
Oversold Stochastic Weakness -4.79%
Oversold Stochastic Weakness -2.77%

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First Majestic Silver Corp. engages in the acquisition, development, and exploration of mineral properties with a focus on silver projects in México. It owns and operates 5 producing mines in México, including the La Encantada Silver Mine consisting of 22 mining concessions covering 4,076 hectares in Coahuila State; the La Parrilla Silver Mine comprising 40 mining concessions covering 69,460 hectares in Durango State; the San Martin Silver Mine consisting of 33 mining concessions covering 37,517 hectares in Jalisco State; the La Guitarra Silver Mine comprising 44 mining concessions covering 44,476.5 hectares in Mexico State; and the Del Toro Silver Mine consisting of 24 mining concessions covering 438 hectares in Zacatecas State. The company also owns two advanced-stage development silver projects, such as the La Luz Silver Project in San Luis Potosi State, and the Plomosas Silver Project in Sinaloa State, as well as three early-stage development projects, including the Peñasco Quemado Silver Project in Sonora State, the La Frazada Silver Project in Nayarit State, and the Los Lobos Silver Project in Sonora State. In addition, it has an interest in certain exploration properties in Jalisco State, México. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was founded in 1979 and is headquartered in Vancouver, Canada.
Mining Economy Of Canada Silver Mining Economy Of North America Sonora

Is AG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 12.69
52 Week Low 5.07
Average Volume 4,343,811
200-Day Moving Average 9.06
50-Day Moving Average 10.96
20-Day Moving Average 11.40
10-Day Moving Average 11.07
Average True Range 0.49
ADX 16.96
+DI 19.60
-DI 29.12
Chandelier Exit (Long, 3 ATRs ) 11.21
Chandelier Exit (Short, 3 ATRs ) 11.83
Upper Bollinger Band 12.68
Lower Bollinger Band 10.12
Percent B (%b) 0.16
BandWidth 22.38
MACD Line -0.06
MACD Signal Line 0.08
MACD Histogram -0.1445
Fundamentals Value
Market Cap 1.74 Billion
Num Shares 165 Million
EPS 0.08
Price-to-Earnings (P/E) Ratio 131.63
Price-to-Sales 3.98
Price-to-Book 1.72
PEG Ratio 14.10
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.60
Resistance 3 (R3) 11.67 11.40 11.42
Resistance 2 (R2) 11.40 11.13 11.36 11.36
Resistance 1 (R1) 10.96 10.96 10.83 10.89 11.30
Pivot Point 10.69 10.69 10.62 10.65 10.69
Support 1 (S1) 10.25 10.42 10.12 10.18 9.76
Support 2 (S2) 9.98 10.25 9.94 9.70
Support 3 (S3) 9.54 9.98 9.64
Support 4 (S4) 9.47