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.
- 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 98% of all stocks. We also observe that the gains produced by SIL over the past year are nicely spread over this period.
- A new 52 week high is currently being made by SIL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SIL has a been trading in the 80.77 - 119.24 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SIL has an average volume of 3174780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SIL has an excellent technical rating, it does not present a decent entry opportunity 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
63.46
We found 3 important support areas.
- A support zone ranging from 92.80 to 94.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @74.40 from a trend line in the daily time frame.
- Support @64.10 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIL is up. |
| ChartMill Relative Strength | 98.11 | POSITIVE | SIL has a high relative strength, it outperformed 98.11% 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) | 83.2 | OVERBOUGHT | The high RSI value suggests SIL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.74 | POSITIVE | The MACD value suggests SIL has a positive trend. |
| Stochastics (14,3) | 92 | OVERBOUGHT | The high Stochastics value suggests SIL may be overbought. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for SIL suggests some volalility. |
| Average Directional Index/ADX (14) | 37.73 | POSITIVE | The high ADX value value for SIL suggests a strong trend. |
112.01
+0.45 (+0.4%)
GLOBAL X SILVER MINERS ETF / SIL FAQ
What is the technical rating for SIL stock?
ChartMill assigns a technical rating of 10 / 10 to SIL.
Can you provide the trend direction for GLOBAL X SILVER MINERS ETF?
The current trend direction for GLOBAL X SILVER MINERS ETF (SIL) is Bullish.
What is the RSI signal for GLOBAL X SILVER MINERS ETF (SIL) stock?
GLOBAL X SILVER MINERS ETF (SIL) has an RSI value of 83.2. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for GLOBAL X SILVER MINERS ETF?
The buy/sell signal for GLOBAL X SILVER MINERS ETF (SIL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SIL stock?
GLOBAL X SILVER MINERS ETF (SIL) has a support level at 92.97. Check the full technical report for our detailed analysis of SIL support and resistance levels.