Analyzing Mining Stocks’ Technical Indicators
Gold Fields, Coeur Mining, Hecla Mining, and IamGold have call implied volatilities of 40.4%, 46.7%, 33.6%, and 44.3%, respectively.
Dec. 6 2017, Updated 7:32 a.m. ET
![uploads///RSI](https://media.marketrealist.com/brand-img/C3XI6BAtx/480x251/uploads/2017/12/RSI-17-1-1-1-1-1.png 480w, https://media.marketrealist.com/brand-img/C3XI6BAtx/640x335/uploads/2017/12/RSI-17-1-1-1-1-1.png 640w, https://media.marketrealist.com/brand-img/C3XI6BAtx/768x402/uploads/2017/12/RSI-17-1-1-1-1-1.png 768w, https://media.marketrealist.com/brand-img/C3XI6BAtx/1024x536/uploads/2017/12/RSI-17-1-1-1-1-1.png 1024w, https://media.marketrealist.com/brand-img/C3XI6BAtx/1280x670/uploads/2017/12/RSI-17-1-1-1-1-1.png 1280w, https://media.marketrealist.com/brand-img/C3XI6BAtx/1440x753/uploads/2017/12/RSI-17-1-1-1-1-1.png 1440w, https://media.marketrealist.com/brand-img/C3XI6BAtx/1600x837/uploads/2017/12/RSI-17-1-1-1-1-1.png 1600w, https://media.marketrealist.com/brand-img/C3XI6BAtx/2160x1130/uploads/2017/12/RSI-17-1-1-1-1-1.png 2160w)
Mining stock
In this part, we’ll analyze mining stocks’ technical indicators. We’ll discuss the call implied volatility and RSI (relative strength index) indicator for Gold Fields (GFI), Coeur Mining (CDE), Hecla Mining (HL), and IamGold (IAG).
The call implied volatility is an analysis of the price changes in the stock price given the changes in its call option. The RSI level indicates the overbought and underbought nature of the stock.
Volatility
Gold Fields, Coeur Mining, Hecla Mining, and IamGold have call-implied volatilities of 40.4%, 46.7%, 33.6%, and 44.3%, respectively. The volatility in mining stocks is often much higher than the volatility in precious metals.
RSI scores
RSI scores are used to evaluate whether a stock is comparatively overpriced or underpriced. If a stock’s RSI score is above 70, it might be overbought and its price could fall. If a stock’s RSI score is below 30, it might be oversold and its price could increase.
Gold Fields, Coeur Mining, Hecla Mining, and IamGold have RSI scores of 59.8, 72.1, 32.2, and 22.5, respectively. Mining-based funds like the Sprott Gold Miners (SGDM) and the Global X Silver Miners (SIL) have a five-day trailing loss of 2.6% and 2%, respectively.