SilverCrest Metals Inc (SIL.CA) Stock Technical Analysis
TSX:SIL - Toronto Stock Exchange - CA8283631015 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to SIL. In the last year, SIL was one of the better performers, but we do observe some doubts in the very recent evolution.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SIL is one of the better performing stocks in the market, outperforming 92% of all stocks.
SIL is one of the better performing stocks in the Metals & Mining industry, it outperforms 81% of 794 stocks in the same industry.
SIL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SIL is lagging the market slightly.
In the last month SIL has a been trading in the 13.72 - 17.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SIL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.52
16.84
When analyzing the support we can see 3 important areas.
- Support @14.07 from a trend line in the daily time frame.
- Support @13.62 from a horizontal line in the daily time frame.
- A support zone ranging from 12.65 to 13.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.66 to 14.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.35 from a horizontal line in the daily time frame.
- Resistance @16.67 from a horizontal line in the daily 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 SIL.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SIL.CA is neutral. |
| ChartMill Relative Strength | 92.14 | POSITIVE | SIL.CA has a high relative strength, it outperformed 92.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SIL.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SIL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.91 | NEUTRAL | The RSI value for SIL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SIL.CA has a negative trend. |
| Stochastics (14,3) | 44.79 | NEUTRAL | The Stochastics value for SIL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for SIL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.19 | NEUTRAL | The ADX value for SIL.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:SIL (2/18/2025, 7:00:00 PM)
14.63
-0.38 (-2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.53%
1 Week-8.96%
2 Weeks-7.29%
1 Month2.02%
3 Month1.39%
6 Month25.8%
12 Month110.5%
2 Year96.11%
3 Year32.64%
5 Year69.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%5.67%
ATR Inc112.16%
Range Today0.77
ADR(20)0.77
ADR(20)%5.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.14
Mansfield0.79
10 Day High17.09
10 Day Low14.12
20 Day High17.09
20 Day Low13.72
52 Week High17.09
52 Week Low6.76
CS1 End14.07
CR1 Start14.66
Volume & EV
DER(3)-1.75%
DER(5)4.53%
Volume423.55K
Volume Incr1044.84%
Vol(5)1.97M
Vol(50)353.53K