Overall SIL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SIL has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
42.83
5 important support areas can be observed.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIL is up. |
| ChartMill Relative Strength | 96.38 | POSITIVE | SIL has a high relative strength, it outperformed 96.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.83 | NEUTRAL | The RSI value for SIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests SIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.88 | OVERBOUGHT | The high Stochastics value suggests SIL may be overbought. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for SIL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for SIL suggests a strong trend. |
82.24
-0.24 (-0.29%)
ChartMill assigns a technical rating of 10 / 10 to SIL.
The current trend direction for GLOBAL X SILVER MINERS ETF (SIL) is Bullish.
GLOBAL X SILVER MINERS ETF (SIL) has an RSI value of 68.8271. This indicates that the stock is currently neutral.
The MACD indicator for GLOBAL X SILVER MINERS ETF (SIL) has a value of 0.846753, indicating a bearish trend.
The short term momentum for GLOBAL X SILVER MINERS ETF (SIL) is positive.