MCEWEN MINING INC. - Weekly - Technical analysis published on 07/12/2020 (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:
Neutral
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 1.27 USD
My targets
0.89 USD (-17.31%)
0.68 USD (-37.04%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MCEWEN MINING INC.. As long as you are under the resistance located at 1.27 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.89 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.68 USD as an objective. If the resistance 1.27 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.9
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MCEWEN MINING INC. rating is 1.08 USD. The price registered an increase of +8.00% over 5 days and has been traded over the last 5 days between 1.04 USD and 1.15 USD. This implies that the 5 day price is +3.85% from its lowest point and -6.09% from its highest point.1.04
1.15
1.08
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this MCEWEN MINING INC. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.68 | 1.05 | 1.08 | 2.11 | 2.50 | 3.56 |
| Change (%) | -37.04% | -2.78% | - | +95.37% | +131.48% | +229.63% |
| Change | -0.40 | -0.03 | - | +1.03 | +1.42 | +2.48 |
| Level | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 0.99 | 1.04 | 1.10 | 1.15 | 1.21 | 1.26 |
| Camarilla | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.12 | 1.13 |
| Woodie | 0.94 | 0.99 | 1.05 | 1.10 | 1.16 | 1.21 | 1.27 |
| Fibonacci | 0.99 | 1.03 | 1.06 | 1.10 | 1.14 | 1.17 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.85 | 0.90 | 0.95 | 1.00 | 1.05 | 1.10 | 1.15 |
| Camarilla | 0.97 | 0.98 | 0.99 | 1.00 | 1.01 | 1.02 | 1.03 |
| Woodie | 0.85 | 0.90 | 0.95 | 1.00 | 1.05 | 1.10 | 1.15 |
| Fibonacci | 0.90 | 0.94 | 0.96 | 1.00 | 1.04 | 1.06 | 1.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.70 | 0.78 | 0.89 | 0.97 | 1.08 | 1.16 | 1.27 |
| Camarilla | 0.96 | 0.98 | 0.99 | 1.01 | 1.03 | 1.05 | 1.06 |
| Woodie | 0.73 | 0.79 | 0.92 | 0.98 | 1.11 | 1.17 | 1.30 |
| Fibonacci | 0.78 | 0.85 | 0.89 | 0.97 | 1.04 | 1.08 | 1.16 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.87 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 0.63 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 0.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.59 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 1.35 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 78.45 | |
| TEMA (21): | 0.95 | |
| Williams %R (14): | -16.00 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 4.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.2800 | |
| Courbe Coppock: | 47.22 |
| MA7: | 1.05 | |
| MA20: | 0.98 | |
| MA50: | 0.95 | |
| MA100: | 0.92 | |
| MAexp7: | 0.98 | |
| MAexp20: | 0.98 | |
| MAexp50: | 1.17 | |
| MAexp100: | 1.44 | |
| Price / MA7: | +2.86% | |
| Price / MA20: | +10.20% | |
| Price / MA50: | +13.68% | |
| Price / MA100: | +17.39% | |
| Price / MAexp7: | +10.20% | |
| Price / MAexp20: | +10.20% | |
| Price / MAexp50: | -7.69% | |
| Price / MAexp100: | -25.00% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NYSE Stocks
News
The last news published on MCEWEN MINING INC. at the time of the generation of this analysis was as follows:
- McEwen Mining Closes the Refinancing of Its $50 Million Debt
- McEwen Mining Operations and Exploration Update
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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