Yamana Gold Inc (AUY): Price Up $0.15 (3.52)% Over Past Day, Up $0.03 (0.71)% Over Past Hour

The Hourly View for AUY

At the time of this writing, AUY’s price is up $0.03 (0.71%) from the hour prior. The hourly chart shows that AUY has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on AUY; it is now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

AUY’s Technical Outlook on the Daily Chart

Currently, AUY’s price is up $0.15 (3.52%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as AUY has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Yamana Gold Inc’s price action over the past 90 days can be seen via the chart below.

AUY

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