Agnico Eagle Mines Limited Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||2.90% ( 2018-12-31 )|
|Loans||1 375.3 mill|
Agnico Eagle Mines Limited fell by -0.25% in the last day from $39.27 to $39.17 The price has risen in 6 of the last 10 days , but is still down by -1.14% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.51 million shares and in total 1.02 million shares bought and sold for approximately $40.05 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the AEM stock was $39.17. This is 0.25% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.47% from a day low at $38.83 to a day high of $39.40.
30 day high of the AEM stock price was $41.53 and low was $38.72.
90 day high was $41.53 and low was $33.41.
52 week high for the Agnico Eagle Mines Limited - $49.80 and low - $32.18.
Agnico Eagle Mines Limited lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $38.23 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.41% during the next 3 months and, with 90% probability hold a price between $44.51 and $49.99 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Agnico Eagle Mines Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $39.31 and $39.41. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Agnico Eagle Mines Limited finds support from accumulated volume at $38.20.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.57 (1.47%) between high and low. For the last week, the stock has had a daily average volatility of 1.57%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
The Agnico Eagle Mines Limited stock holds several negative signals and despite the positive trend we believe Agnico Eagle Mines Limited will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
|AEM $39.17 $-0.10(-0.25%)|
AEM is down $0.10 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for AEM based on the 1-3 month system that more than doubles the S&P 500.
Click here – the AEM analysis is free »