McEwen Mining: Better watch than trade

McEwen Mining: The RSI with new signals

Whoever wants to evaluate the dynamics of a share price can resort to the prominent Relative Strength Index, the RSI. According to this, for a period of 7 days (or for 25 days as RSI25), the ratio of upward and downward movements is normalized to a distance of 0 to 100. The Mcewen Mining RSI, with an expression of 33.59, is the basis for the rating as “Hold”. The RSI25 amounts to 37.61, resulting in a rating of “Hold” for 25 days. This overall picture leads to a rating of “Hold”.

How good is the sentiment?

Mcewen Mining can also be observed and evaluated over a longer period of time in terms of the number of word contributions (the intensity of discussion) and the rate of change in sentiment. This yields interesting conclusions about the long-term sentiment picture over the past few months. SpecificallyThe stock generated the usual activity on the network. This indicates a medium intensity of discussion and calls for a “hold” rating. The rate of change in sentiment was rather good, a positive change could be identified, which corresponds to an assessment as a “Buy” value. In the overall assessment, this results in a “Buy” rating for Mcewen Mining on this point.

Investors are in high spirits

The mood on social networks has been mostly positive in recent days. On 11 days, the discussion was dominated by positive topics, while negative communication prevailed on two days. In the past one or two days, investors also increasingly talked about positive topics related to the company Mcewen Mining. As a result, the editorial team rates the stock a “buy”. In summary, this results in a “Buy” rating for investor sentiment.