GLOBAL X SILVER MINERS ETF (SIL) Stock Technical Analysis
NYSEARCA:SIL - NYSE Arca - US37954Y8488 - ETF - Currency: USD
Taking everything into account, SIL scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SIL is one of the better performing stocks in the market, outperforming 90% of all stocks.
SIL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SIL has a been trading in the 46.18 - 51.74 range, which is quite wide. It is currently trading near the high of this range.
SIL has an average volume of 1620170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SIL has an excellent technical rating, the quality of the presented setup is not ideal 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
36.41
51.84
3 important support areas can be observed.
- A support zone ranging from 48.14 to 49.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.36 to 46.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.78 to 37.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 90.16 | POSITIVE | SIL has a high relative strength, it outperformed 90.16% 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) | 62.83 | NEUTRAL | The RSI value for SIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SIL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.37 | NEUTRAL | The Stochastics value for SIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for SIL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.98 | POSITIVE | The high ADX value value for SIL suggests a strong 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)
51.33
+1.29 (+2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.58%
1 Week3.3%
2 Weeks7.7%
1 Month6.74%
3 Month27.34%
6 Month51.91%
12 Month54.42%
2 Year84.91%
3 Year94.58%
5 Year6.19%
10 Year155.37%
15 Year17.92%
Volatility
ATR(14)1.54
ATR(20)%2.88%
ATR Inc44.66%
Range Today1.7
ADR(20)1.3
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.16
Mansfield2.38
10 Day High51.74
10 Day Low47.35
20 Day High51.74
20 Day Low46.18
52 Week High51.74
52 Week Low28.02
CS1 End49.58
CR1 StartN/A
Volume & EV
DER(3)1.81%
DER(5)-1.28%
Volume1.64M
Volume Incr-7.59%
Vol(5)1.42M
Vol(50)1.62M