GLOBAL X SILVER MINERS ETF (SIL) Stock Technical Analysis
NYSEARCA:SIL - NYSE Arca - US37954Y8488 - ETF - Currency: USD
Taking everything into account, SIL scores 8 out of 10 in our technical rating. In the last year, SIL was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SIL has a been trading in the 47.09 - 51.74 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that SIL is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by SIL over the past year are nicely spread over this period.
SIL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SIL is performing more or less in line with the market.
SIL has an average volume of 1587870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Besides having an excellent technical rating, SIL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 47.57, a Stop Loss order could be placed below this zone.
More info and screens
35.49
51.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 47.33 to 47.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.09 to 37.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.85 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.84 to 51.34. 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 | DOWN | NEGATIVE | The short term trend for SIL is down. |
| ChartMill Relative Strength | 89.55 | POSITIVE | SIL has a high relative strength, it outperformed 89.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SIL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SIL is below 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) | 44.58 | NEUTRAL | The RSI value for SIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests SIL has a negative trend. |
| Stochastics (14,3) | 7.73 | OVERSOLD | The low Stochastics value suggests SIL may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for SIL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.38 | NEUTRAL | The ADX value for SIL 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.41 | 47.32 | 2.09 (4.23%) | 23.65% |
| An entry @49.41. This is a Buy Stop order right above the 10 day moving average. | An exit @47.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.09 points, which is 4.23%. | When investing 23.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.58
+0.24 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.51%
1 Week-4.94%
2 Weeks-1.27%
1 Month-3.08%
3 Month22%
6 Month37.55%
12 Month50.14%
2 Year79.55%
3 Year104.12%
5 Year-4.17%
10 Year133.58%
15 Year-0.69%
Volatility
ATR(14)1.37
ATR(20)%3.13%
ATR Inc-26.88%
Range Today1.32
ADR(20)1.38
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.55
Mansfield1.56
10 Day High51.62
10 Day Low47.09
20 Day High51.74
20 Day Low47.09
52 Week High51.74
52 Week Low28.02
CS1 End47.57
CR1 Start50.84
Volume & EV
DER(3)-7.78%
DER(5)-4.35%
Volume955.90K
Volume Incr-20.77%
Vol(5)1.14M
Vol(50)1.59M