Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AEM
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Agnico Eagle Mines Limited stock price up 3.11% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 5.78% PDF

The Agnico Eagle Mines Limited stock price gained 3.11% on the last trading day (Thursday, 28th Mar 2024), rising from $57.85 to $59.65. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.72% from a day low at $58.18 to a day high of $59.77. The price has risen in 7 of the last 10 days and is up by 7.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $283.98 million.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $60.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between $52.14 and $65.74 at the end of this 3-month period.

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AEM Signals & Forecast

The Agnico Eagle Mines Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $56.79 and $51.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 32.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Agnico Eagle Mines Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $52.77 and $48.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agnico Eagle Mines Limited finds support just below today's level at $52.77. If this is broken, then the next support from accumulated volume will be at $48.62 and $48.02.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.59 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.11%.

Our recommended stop-loss: $57.53 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (AEM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Agnico Eagle Mines Limited to open at $59.20, and during the day (based on 14 day Average True Range), to move between $58.30 and $61.00, which gives a possible trading interval of +/-$1.35 (+/-2.27%) up or down from last closing price. If Agnico Eagle Mines Limited takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $52.77, some $6.88 (11.53%) from the current price of $59.65, our system finds the risk reward attractive.

Is Agnico Eagle Mines Limited stock A Buy?

Agnico Eagle Mines Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.533 Strong Buy Candidate Unchanged

Predicted Opening Price for Agnico Eagle Mines Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$59.20 ( 0.757%) $59.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AEM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 60.78 1.90 %
R2 60.18 0.88 %
R1 59.80 0.258 %
Current price: 59.65
Support S1 58.59 -1.77 %
S2 58.22 -2.40 %
S3 57.61 -3.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 59.65
Support S1 52.77 -11.53%
S2 48.62 -18.49%
S3 48.02 -19.50%

AEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2024 May 30, 2024 May 30, 2024 $0 0%
2 Feb 29, 2024 Feb 29, 2024 Mar 15, 2024 $0.400 0.715%
3 Nov 30, 2023 Nov 30, 2023 Nov 30, 2023 $0.400 0.745%
4 Jul 26, 2023 Aug 31, 2023 Sep 15, 2023 $0.400 0.81%
5 Apr 27, 2023 May 31, 2023 Jun 15, 2023 $0.400 0.793%

FAQ

What is the symbol for Agnico Eagle Mines Limited Stock and on which exchange is it traded?
The symbol for Agnico Eagle Mines Limited is AEM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Agnico Eagle Mines Limited Stock?
Agnico Eagle Mines Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Agnico Eagle Mines Limited Stock?
Agnico Eagle Mines Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Agnico Eagle Mines Limited Stock.

What's the current price of Agnico Eagle Mines Limited Stock?
As of the end of day on the 2024-03-28, the price of an Agnico Eagle Mines Limited (AEM) share was $59.65.

What is the 52-week high and low for Agnico Eagle Mines Limited Stock?
The 52-week high for Agnico Eagle Mines Limited Stock is $61.15 and the 52-week low is $43.22.

What is the market capitalization of Agnico Eagle Mines Limited Stock?
As of the 2024-03-28, the market capitalization of Agnico Eagle Mines Limited is 29.704B.

When is the next earnings date for Agnico Eagle Mines Limited?
The upcoming earnings date for Agnico Eagle Mines Limited is Apr 25, 2024.
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About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021,... AEM Profile

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