MCEWEN MINING INC. - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - 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:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.05 USD
My targets
1.15 USD (+5.23%)
1.16 USD (+6.42%)
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 above the support located at 1.05 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.15 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.16 USD as an objective. Crossing it would then enable buyers to target 1.30 USD. If the support 1.05 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3
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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 1.09 USD. The price registered an increase of +0.93% on the session and was traded between 1.08 USD and 1.12 USD over the period. The price is currently at +0.93% from its lowest and -2.68% from its highest.1.08
1.12
1.09
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MCEWEN MINING INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MCEWEN MINING INC. in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.96 | 1.01 | 1.05 | 1.09 | 1.16 | 1.30 | 1.49 |
| Change (%) | -11.93% | -7.34% | -3.67% | - | +6.42% | +19.27% | +36.70% |
| Change | -0.13 | -0.08 | -0.04 | - | +0.07 | +0.21 | +0.40 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.58 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -0.47 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 1.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.12 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.05 | |
| Zig ZAG (10): | 1.08 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 37.88 | |
| TEMA (21): | 1.09 | |
| Williams %R (14): | -63.64 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 3.77 |
| MA7: | 1.07 | |
| MA20: | 0.98 | |
| MA50: | 0.95 | |
| MA100: | 0.92 | |
| MAexp7: | 1.09 | |
| MAexp20: | 1.09 | |
| MAexp50: | 1.06 | |
| MAexp100: | 1.02 | |
| Price / MA7: | +1.87% | |
| Price / MA20: | +11.22% | |
| Price / MA50: | +14.74% | |
| Price / MA100: | +18.48% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +2.83% | |
| Price / MAexp100: | +6.86% |
Quotes :
2020-07-13 14:21:39
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on MCEWEN MINING INC.. At the time of publication of this analysis, the latest news 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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