Mining Stocks: RSI and Moving Average Indicators


Dec. 6 2017, Updated 9:02 a.m. ET

Mining stocks’ performance

Let’s look at the YTD (year-to-date) gains and moving average indicators for First Majestic Silver (AG), New Gold (NGD), Barrick Gold (ABX), and Kinross Gold (KGC).

All of the four mining stocks, except Kinross Gold, have a YTD loss. Kinross Gold continues to hold a YTD gain of 31.5%. First Majestic Silver, New Gold, and Barrick Gold have a YTD loss of 11.9%, 10.6%, and 12.1%, respectively.

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Moving average indicators

The four miners that we’re discussing are currently trading below their longer-term 100-day moving average. First Majestic Silver and Barrick Gold are above their 20-day moving average, while New Gold and Kinross Gold are below their 20-day moving average.

The famous VanEck Vectors Gold Miners Fund (GDX) has been trading below its 20-day moving average but above its 100-day moving average.

A reasonable premium above the 20-day and 100-day moving average indicates a potential decline in the price, while a considerable discount indicates a probable price rise.

All four miners’ target prices are above their current trading price, which indicates a potential rise in the price.


First Majestic Silver, New Gold, Barrick Gold, and Kinross Gold have RSI levels of 53.5, 31.8, 52.7, and 37.9, respectively. An RSI level below 30 indicates a potential scale in the price, while an RSI above 70 suggests a possible fall in the price. GDX’s RSI level is 49.2.


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