MCEWEN MINING INC. - 1H - Technical analysis published on 07/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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
39%
28%
33%
My opinion
Bullish above 1.30 USD
My targets
1.39 USD (+2.21%)
1.49 USD (+9.56%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.30 USD remains possible. It is advisable to trade MCEWEN MINING INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.30 USD. The next bullish objective for buyers is set at 1.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.49 USD. If there is any crossing, the next objective would be the resistance located at 1.65 USD. PS: if there is a bearish break in the support located at 1.30 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
MCEWEN MINING INC. rating 1.36 USD. The price registered a decrease of -4.90% on the session with the lowest point at 1.35 USD and the highest point at 1.46 USD. The deviation from the price is +0.74% for the low point and -6.85% for the high point.1.35
1.46
1.36
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of MCEWEN MINING INC. in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.15 | 1.30 | 1.36 | 1.39 | 1.49 | 1.65 |
| Change (%) | -24.26% | -15.44% | -4.41% | - | +2.21% | +9.56% | +21.32% |
| Change | -0.33 | -0.21 | -0.06 | - | +0.03 | +0.13 | +0.29 |
| Level | Major | Intermediate | Major | - | Minor | 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 | 1.26 | 1.36 | 1.40 | 1.44 | 1.48 | 1.52 | 1.56 |
| Camarilla | 1.40 | 1.41 | 1.42 | 1.43 | 1.44 | 1.45 | 1.46 |
| Woodie | 1.25 | 1.32 | 1.37 | 1.44 | 1.49 | 1.56 | 1.61 |
| Fibonacci | 1.32 | 1.37 | 1.40 | 1.44 | 1.49 | 1.52 | 1.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 0.97 | 1.16 | 1.29 | 1.48 | 1.61 | 1.80 |
| Camarilla | 1.25 | 1.28 | 1.31 | 1.34 | 1.37 | 1.40 | 1.43 |
| Woodie | 0.86 | 0.99 | 1.18 | 1.31 | 1.50 | 1.63 | 1.82 |
| Fibonacci | 0.97 | 1.10 | 1.17 | 1.29 | 1.42 | 1.49 | 1.61 |
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): | 58.46 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 6.71 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 1.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.32 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.33 | |
| Zig ZAG (10): | 1.43 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 36.74 | |
| TEMA (21): | 1.45 | |
| Williams %R (14): | -96.15 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -7.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 11.08 |
| MA7: | 1.36 | |
| MA20: | 1.15 | |
| MA50: | 1.02 | |
| MA100: | 0.94 | |
| MAexp7: | 1.42 | |
| MAexp20: | 1.42 | |
| MAexp50: | 1.34 | |
| MAexp100: | 1.25 | |
| Price / MA7: | -0% | |
| Price / MA20: | +18.26% | |
| Price / MA50: | +33.33% | |
| Price / MA100: | +44.68% | |
| Price / MAexp7: | -4.23% | |
| Price / MAexp20: | -4.23% | |
| Price / MAexp50: | +1.49% | |
| Price / MAexp100: | +8.80% |
Quotes :
2020-07-29 14:07:46
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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: Q2 2020 Production and Exploration Results
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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