Mcewen Mining Stock Forecast

Sell candidate since May 15, 2026 Loss -22.01%

The McEwen Mining Inc stock price fell by -3.26% on the last day (Tuesday, 9th Jun 2026) from $18.39 to $17.79. During the last trading day the stock fluctuated 8.64% from a day low at $17.13 to a day high of $18.61. The price has been going up and down for this period, and there has been a -19.21% loss for the last 2 weeks. Volume has increased on the last day by 43 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $21.32 million.

The stock has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $18.11 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

MUX Signals & Forecast

There are few to no technical positive signals at the moment. The McEwen Mining Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.08 and $22.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 12, 2026, and so far it has fallen -32.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for McEwen Mining Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.48 between high and low, or 8.64%. For the last week, the stock has had daily average volatility of 6.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MUX) For The Upcoming Trading Day Of Wednesday 10th

For the upcoming trading day on Wednesday, 10th we expect McEwen Mining Inc to open at $17.84, and during the day (based on 14 day Average True Range), to move between $17.10 and $18.48, which gives a possible trading interval of +/-$1.39 (+/-8.12%) up or down from last closing price. If McEwen Mining Inc takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $18.28, some $0.490 (2.75%) from the current price of $17.79, our system finds the risk reward not very attractive.

Is McEwen Mining Inc stock A Buy?

McEwen Mining Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.521 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 10, 2026 - $17.84 ( 0.300%).

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