(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 7935488
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 7.43 | 7.34 | 7.47 | 7.26 | 0.633 times |
| 15 Wed May 2024 | 7.46 | 7.44 | 7.58 | 7.16 | 1.096 times |
| 14 Tue May 2024 | 7.28 | 7.23 | 7.32 | 7.04 | 0.849 times |
| 13 Mon May 2024 | 7.14 | 7.25 | 7.37 | 7.02 | 0.712 times |
| 10 Fri May 2024 | 7.29 | 7.60 | 7.64 | 7.26 | 1.211 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.3, but if it comes below 7.3, then a intra day sell could be more profitable.
If you take a sell trade below 7.3, then use 7.3 as stoploss and 7.01 as target. However if you take a buy trade in stock , then use 7.3 as stoploss and 7.6 as target.
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 | 7.58 |
| Upside Target | 7.66 |
| Upside Target | 7.83 |
| Upside Target | 8.44 |
Intraday share price targets for First Majestic (AG)
| Target Type | Value |
| Downside Intraday Target | 7.11 |
| Downside Intraday Target | 6.78 |
| Upside Intraday Target | 7.67 |
| Upside Intraday Target | 7.9 |
| Downside Intraday Target | 7.34 |
Weekly technical analysis of First Majestic (AG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 7.43 | 7.25 | 7.58 | 7.02 | 0.542 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 |
| 19 Fri Apr 2024 | 6.73 | 7.59 | 7.83 | 6.71 | 0.747 times |
Price has moved up 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 |
| 16 Thu May 2024 | 7.43 | 6.73 | 7.66 | 6.58 | 0.341 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 | 32, 14, 41 | Buy |
| MACD | 0, 0 | Buy |
| Stochastics | 75 | Buy |
| CCI | 71 | Sell |
| RSI | 64 | Buy |
| OBV | -5338409 | Sell |
| VWAP | 7 | Buy |
| ADL | 0 | Sell |
| ROC | 11 | Buy |
| Force Index | 0 | Sell |
Price action analysis of First Majestic ( (AG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of First Majestic ( (AG) ) based on a short 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 short to mid 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.
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 Strong and stock is gaining momentum.
MACD generated a BUY signal for First Majestic in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
First Majestic Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 coming down
CCI has generated a SELL signal for First Majestic in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 7.25 and First Majestic (AG) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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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