AMPLIFY JUNIOR SILVER MINERS (SILJ) Stock Technical Analysis
NYSEARCA:SILJ - NYSE Arca - US0321086490 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to SILJ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SILJ is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SILJ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SILJ is leading the market.
In the last month SILJ has a been trading in the 11.71 - 15.53 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.
SILJ has an average volume of 3751590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SILJ is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SILJ 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
10.02
15.13
5 important support areas can be observed.
- A support zone ranging from 12.91 to 13.04. 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 12.43 to 12.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.82 from a trend line in the weekly time frame.
- A support zone ranging from 10.34 to 10.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.12 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 SILJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SILJ is up. |
| ChartMill Relative Strength | 90.63 | POSITIVE | SILJ has a high relative strength, it outperformed 90.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SILJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SILJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SILJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.89 | OVERBOUGHT | The high RSI value suggests SILJ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests SILJ has a positive trend. |
| Stochastics (14,3) | 91.93 | OVERBOUGHT | The high Stochastics value suggests SILJ may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for SILJ suggests some volalility. |
| Average Directional Index/ADX (14) | 27.77 | POSITIVE | The high ADX value value for SILJ 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)
14.98
-0.23 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.51%
1 Week14.7%
2 Weeks18.61%
1 Month23.29%
3 Month32.33%
6 Month27.06%
12 Month30.37%
2 Year59.7%
3 Year57.52%
5 Year24.42%
10 Year107.19%
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2.96%
ATR Inc102.31%
Range Today0.45
ADR(20)0.36
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.63
Mansfield1.86
10 Day High15.53
10 Day Low12.63
20 Day High15.53
20 Day Low11.71
52 Week High15.53
52 Week Low9.72
CS1 End13.04
CR1 StartN/A
Volume & EV
DER(3)3.42%
DER(5)5.51%
Volume8.86M
Volume Incr179%
Vol(5)7.60M
Vol(50)3.75M