McEwen Mining Inc. (MUX) Stock Price Trading:
McEwen Mining Inc. (MUX) stock was attractive stock of Wall Street on Thursday. MUX plunged -1.29% to $2.30. McEwen Mining Inc. (MUX) received active focus from Investors and it has been traded on front line. Considering that the stock RECENT volume of 3.53 million shares, this represents a pretty noteworthy trading in volume size in recent session. This trading reaction positioned the stock on Street limelight. McEwen Mining Inc. (MUX) maintained activity of 2.5 million shares that trade hands on average basis while its relative volume is 1.42.
Now we take a performance look how McEwen Mining Inc. (MUX) has been performing in different time periods. The stock go up so far this year; showing a rise of 0.88% and added with positive flow of 1.32% during recent week. The shares price has positioned 13.30% up over the past quarter while it has directed -7.63% toward a falling position throughout past six months. The shares price has directed -31.34% toward a lower level throughout last year and swapped 19.79% toward a strong spot during past one month.
Currently, the 14-day Relative Strength Index (RSI) reading is at 60.27. RSI is a quick tool you can use to gauge overbought and oversold levels, the Relative Strength Index. The premise is simple, however. When RSI moves above 70, it is overbought and could lead to a downward move. When RSI moves below 30, it is oversold and could lead to an upward move. But, we must be patient before we enter our trades, because sometimes the RSI can stay overbought or oversold for quite awhile. The worst thing we can do is try to pick a top or a bottom of a strong move that continues to move into further overbought or oversold territory. So we must wait until the RSI crosses back under 70 or crosses back above 30.
Analyzing the technical facts of McEwen Mining Inc. (MUX), its current distance from 20-Day Simple Moving Average is 9.26% and standing 13.78% away from 50-Day Simple Moving Average while traded down -6.72% from 200-Day Simple Moving Average. The stock has advanced 26.37% to a low over the previous 12 months and showed declining move -48.08% to a high over the same period. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. They may also be used to assist the trader figure out proper support and resistance levels for the stock.