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Reminder - First Majestic Silver (FR.CA) Goes Ex-Dividend Soon
Monday, May 15, 9:55 AM ET, by Market News Video Staff

On 5/17/23, First Majestic Silver Corp (FR.CA) will trade ex-dividend, for its quarterly dividend of ...

Relative Strength Alert For First Majestic Silver (FR.CA)
Tuesday, May 16, 1:31 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Oversold Conditions For First Majestic Silver (FR.CA)
Friday, June 9, 4:09 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

First Majestic Silver About To Put More Money In Your Pocket (FR.CA)
Friday, August 11, 9:53 AM ET, by Market News Video Staff

On 8/15/23, First Majestic Silver Corp (FR.CA) will trade ex-dividend, for its quarterly dividend of ...

First Majestic Silver is Now Oversold (FR.CA)
Thursday, November 2, 11:53 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

First Majestic Silver is Now Oversold (FR.CA)

By Canada Stock Channel Staff, Wednesday, May 25, 11:57 AM ET
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of First Majestic Silver Corp (TSE:FR.CA) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $10.25 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 42.8. A bullish investor could look at FR.CA's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of FR.CA shares:

First Majestic Silver Corp 1 Year Performance Chart

Looking at the chart above, FR.CA's low point in its 52 week range is $9.46 per share, with $22.73 as the 52 week high point — that compares with a last trade of $10.27. Find out what 9 other oversold stocks you need to know about »


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