SPROTT PHYSICAL SILVER TRUST (PSLV) Stock Technical Analysis
USA - NYSEARCA:PSLV - CA85207K1075
We assign a technical rating of 10 out of 10 to PSLV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSLV is showing a nice and steady performance.
Although PSLV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 15.94 to 16.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.32 to 15.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.31 from a trend line in the daily time frame.
- Support @11.49 from a trend line in the weekly time frame.
- Support @10.82 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PSLV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSLV is up. |
| ChartMill Relative Strength | 92.09 | POSITIVE | PSLV has a high relative strength, it outperformed 92.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PSLV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSLV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.57 | NEUTRAL | The RSI value for PSLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PSLV has a positive trend. |
| Stochastics (14,3) | 87.91 | OVERBOUGHT | The high Stochastics value suggests PSLV may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for PSLV suggests some volalility. |
| Average Directional Index/ADX (14) | 20.9 | NEUTRAL | The ADX value for PSLV suggests a possible start of a new trend. |
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+0.27 (+1.61%)
SPROTT PHYSICAL SILVER TRUST / PSLV FAQ
What is the ChartMill technical rating of SPROTT PHYSICAL SILVER TRUST (PSLV) stock?
ChartMill assigns a technical rating of 10 / 10 to PSLV.
Can you provide the trend direction for SPROTT PHYSICAL SILVER TRUST?
The current trend direction for SPROTT PHYSICAL SILVER TRUST (PSLV) is Bullish.
What is the RSI signal for SPROTT PHYSICAL SILVER TRUST (PSLV) stock?
SPROTT PHYSICAL SILVER TRUST (PSLV) has an RSI value of 61.5742. This indicates that the stock is currently neutral.
What is the buy/sell signal for PSLV stock?
The buy/sell signal for SPROTT PHYSICAL SILVER TRUST (PSLV) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SPROTT PHYSICAL SILVER TRUST?
SPROTT PHYSICAL SILVER TRUST (PSLV) has a support level at 16.33. Check the full technical report for our detailed analysis of PSLV support and resistance levels.