First Stock Technical Analysis

AG -  USA Stock  

USD 16.18  0.22  1.34%

As of the 19th of June, First Majestic shows the Coefficient Of Variation of 41306.79, mean deviation of 2.69, and Downside Deviation of 3.13. First Majestic Silver technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for First Majestic Silver, which can be compared to its rivals. Please confirm First Majestic Silver value at risk, expected short fall, and the relationship between the treynor ratio and downside variance to decide if First Majestic Silver is priced favorably, providing market reflects its regular price of 16.18 per share. Given that First Majestic has jensen alpha of (0.06), we urge you to verify First Majestic Silver's prevailing market performance to make sure the company can sustain itself at a future point.

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First Majestic Analyst Consensus

Target PriceAdvice# of Analysts
17.52Buy5Odds
First Majestic Silver current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most First analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand First stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of First Majestic Silver, talking to its executives and customers, or listening to First conference calls.
First Analyst Advice Details
First Majestic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of First Majestic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Majestic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

First Majestic Silver Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of First Majestic Silver volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

First Majestic Silver Trend Analysis

Use this graph to draw trend lines for First Majestic Silver. You can use it to identify possible trend reversals for First Majestic as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual First Majestic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

First Majestic Best Fit Change Line

The following chart estimates an ordinary least squares regression model for First Majestic Silver applied against its price change over selected period. The best fit line has a slop of   0.030918  , which suggests that First Majestic Silver will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 36.15, which is the sum of squared deviations for the predicted First Majestic price change compared to its average price change.

About First Majestic Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of First Majestic Silver on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of First Majestic Silver based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on First Majestic Silver stock first instead of the macroeconomic environment surrounding First Majestic Silver. By analyzing First Majestic's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of First Majestic's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to First Majestic specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2018 2019 2020 2021 (projected)
Book Value per Share3.243.293.983.72
Asset Turnover0.350.380.320.33

First Majestic June 19, 2021 Technical Indicators

Most technical analysis of First help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for First from various momentum indicators to cycle indicators. When you analyze First charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

First Majestic June 19, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as First stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. Note that the First Majestic Silver information on this page should be used as a complementary analysis to other First Majestic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for First Majestic Stock analysis

When running First Majestic Silver price analysis, check to measure First Majestic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Majestic is operating at the current time. Most of First Majestic's value examination focuses on studying past and present price action to predict the probability of First Majestic's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Majestic's price. Additionally, you may evaluate how the addition of First Majestic to your portfolios can decrease your overall portfolio volatility.
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The market value of First Majestic Silver is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Majestic's value that differs from its market value or its book value, called intrinsic value, which is First Majestic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Majestic's market value can be influenced by many factors that don't directly affect First Majestic Silver underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine First Majestic value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.