(AG) First Majestic complete technical analysis [charts+indicators] | Buy/Sell First Majestic | (AG) share price targets
Complete technical analysis of First Majestic (AG) by charts plus indicators, forecast predictions and share price targets for First Majestic (AG)
First Majestic trades in USA in Basic Industries sector.
10 day averaged volume of First Majestic is 8937600
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 7.17 | 7.13 | 7.26 | 7.05 | 0.595 times |
| 23 Thu May 2024 | 7.04 | 7.19 | 7.31 | 7.00 | 0.946 times |
| 22 Wed May 2024 | 7.21 | 7.53 | 7.55 | 7.17 | 1.028 times |
| 21 Tue May 2024 | 7.64 | 7.87 | 7.90 | 7.54 | 1.174 times |
| 20 Mon May 2024 | 7.98 | 8.04 | 8.09 | 7.75 | 1.359 times |
My analysis of stock is bearish for shortterm, and stock might move down till 6.8 or till 6.4. Use a stoploss of 7.21 and if the stock hits stoploss, then it can shoot up till 7.58
Share price targets for First Majestic (AG)
| Target Type | Value |
| Downside Target | 4.17 |
| Downside Target | 4.44 |
| Downside Target | 4.54 |
| Downside Target | 4.93 |
| Downside Target | 5.93 |
| Downside Target | 6.19 |
| Downside Target | 6.48 |
| Downside Target | 6.91 |
| Downside Target | 7.15 |
| Upside Target | 7.66 |
| Upside Target | 7.96 |
| Upside Target | 8.09 |
| Upside Target | 8.44 |
Intraday share price targets for First Majestic (AG)
| Target Type | Value |
| Downside Intraday Target | 6.75 |
| Downside Intraday Target | 6.33 |
| Upside Intraday Target | 7.84 |
| Upside Intraday Target | 8.51 |
| Upside Intraday Target | 7.42 |
Weekly technical analysis of First Majestic (AG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 7.17 | 8.04 | 8.09 | 7.00 | 1.042 times |
| 17 Fri May 2024 | 7.94 | 7.25 | 7.96 | 7.02 | 0.91 times |
| 10 Fri May 2024 | 7.29 | 6.93 | 7.66 | 6.91 | 1.576 times |
| 03 Fri May 2024 | 6.70 | 7.04 | 7.15 | 6.48 | 0.74 times |
| 26 Fri Apr 2024 | 7.04 | 6.27 | 7.11 | 6.19 | 0.728 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of First Majestic (AG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 7.17 | 6.73 | 8.09 | 6.58 | 0.576 times |
| 30 Tue Apr 2024 | 6.67 | 6.09 | 8.44 | 5.98 | 1.642 times |
| 28 Thu Mar 2024 | 5.88 | 4.53 | 5.93 | 4.44 | 1.304 times |
| 29 Thu Feb 2024 | 4.49 | 4.68 | 4.93 | 4.17 | 0.759 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of First Majestic (AG)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 29, 26, 5 | Buy |
| MACD | 0, 0 | Sell |
| Stochastics | 12 | Sell |
| CCI | -74 | Buy |
| RSI | 56 | Buy |
| OBV | 17265709 | Sell |
| VWAP | 8 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of First Majestic ( (AG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of First Majestic ( (AG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of First Majestic ( (AG) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of First Majestic ( (AG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for First Majestic stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for First Majestic in short term but the sell signal is initial and weak.
First Majestic Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for First Majestic in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of First Majestic is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 7.53 and First Majestic (AG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
People seem to be coming out and selling the First Majestic (AG) stock. Volume based technical analysis of First Majestic (AG) stock is negative.
First Majestic Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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