First Majestic Silver Corp. (AG)

First Majestic Silver Corp. is trading at $14.80, down 2.12% on the session. The 50 day average sits at $18.95 and the 200 day at $20.16, which puts the stock in a downtrend. RSI is at 36.8, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $14.96 with resistance near $20.45, so that band frames the current range. Average daily movement is roughly $0.81, or about 5.4% of the share price, which is what any stop placement has to allow for. The overall health score of 24 out of 100 combines a trend score of 3, momentum of 20 and a risk score of 62.

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located in Sonora State, Mexico; the Los Gatos Silver Mine covering an area of approximately 103,000 hectares located in Chihuahua, Mexico; and the La Encantada silver mine that covers an area of approximately 4,076 hectares located in Coahuila State, Mexico. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.