MCEWEN MINING INC. - Weekly - Technical analysis published on 06/17/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 1.050 USD
My targets
0.769 USD (-16.30%)
0.677 USD (-26.33%)
My analysis
The bearish basic trend is very strong on MCEWEN MINING INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.050 USD. Crossing the first support at 0.769 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.677 USD as an objective. Caution, a return to above the resistance located at 1.050 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.8
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MCEWEN MINING INC. rating 0.919 USD. The price registered a decrease of -9.90% over 5 days with the lowest point at 0.850 USD and the highest point at 0.960 USD. The deviation from the price is +8.12% for the low point and -4.27% for the high point.0.850
0.960
0.919
Here is a more detailed summary of the historical variations registered by MCEWEN MINING INC.:
Technical
Technical analysis of MCEWEN MINING INC. in Weekly shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Weekly
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.677 | 0.919 | 1.050 | 2.119 | 2.501 |
| Change (%) | -26.33% | - | +14.25% | +130.58% | +172.14% |
| Change | -0.242 | - | +0.131 | +1.200 | +1.582 |
| Level | 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 | 0.812 | 0.853 | 0.878 | 0.919 | 0.945 | 0.985 | 1.011 |
| Camarilla | 0.885 | 0.891 | 0.897 | 0.904 | 0.910 | 0.916 | 0.922 |
| Woodie | 0.804 | 0.849 | 0.870 | 0.915 | 0.937 | 0.982 | 1.003 |
| Fibonacci | 0.853 | 0.878 | 0.894 | 0.919 | 0.944 | 0.960 | 0.985 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.735 | 0.822 | 0.866 | 0.953 | 0.997 | 1.084 | 1.128 |
| Camarilla | 0.874 | 0.886 | 0.898 | 0.910 | 0.922 | 0.934 | 0.946 |
| Woodie | 0.714 | 0.811 | 0.845 | 0.942 | 0.976 | 1.073 | 1.106 |
| Fibonacci | 0.822 | 0.872 | 0.903 | 0.953 | 1.003 | 1.034 | 1.084 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.504 | 0.635 | 0.769 | 0.900 | 1.034 | 1.165 | 1.299 |
| Camarilla | 0.831 | 0.855 | 0.880 | 0.904 | 0.928 | 0.952 | 0.977 |
| Woodie | 0.506 | 0.636 | 0.771 | 0.901 | 1.036 | 1.166 | 1.301 |
| Fibonacci | 0.635 | 0.736 | 0.798 | 0.900 | 1.001 | 1.063 | 1.165 |
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): | 44.52 | |
| MACD (12,26,9): | -0.0880 | |
| Directional Movement: | -8.401 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 0.834 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.550 | |
| Elder Ray (13): | -0.027 | |
| Super Trend (3,10): | 1.350 | |
| Zig ZAG (10): | 0.912 | |
| VORTEX (21): | 0.9170 | |
| Stochastique (14,3,5): | 70.28 | |
| TEMA (21): | 0.873 | |
| Williams %R (14): | -34.03 | |
| Chande Momentum Oscillator (20): | 0.235 | |
| Repulse (5,40,3): | -7.5630 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5570 | |
| Courbe Coppock: | 20.71 |
| MA7: | 0.941 | |
| MA20: | 0.923 | |
| MA50: | 0.944 | |
| MA100: | 0.946 | |
| MAexp7: | 0.923 | |
| MAexp20: | 0.972 | |
| MAexp50: | 1.194 | |
| MAexp100: | 1.462 | |
| Price / MA7: | -2.34% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -2.65% | |
| Price / MA100: | -2.85% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -5.45% | |
| Price / MAexp50: | -23.03% | |
| Price / MAexp100: | -37.14% |
Quotes :
2020-06-17 17:30:41
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on MCEWEN MINING INC. at the time of the analysis were as follows:
- McEwen Mining Reports Q1 2020 Results
- McEwen Mining: Annual General Meeting and Q1 2020 Results Webcast
- Mcewen Mining Announces Q1 2020 Production Results, and Re-Starts Black Fox
- MCEWEN MINING APPOINTS PETER MAH AS CHIEF OPERATING OFFICER
- McEwen Mining Addresses New York Stock Exchange Listing Requirements
This member declared not having a position on this financial instrument or a related financial instrument.
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