AMPLIFY JUNIOR SILVER MINERS (SILJ) Stock Technical Analysis
NYSEARCA:SILJ - NYSE Arca - US0321086490 - ETF - Currency: USD
We assign a technical rating of 10 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.
SILJ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.47, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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10.02
When analyzing the support we can see 7 important areas.
- A support zone ranging from 15.08 to 15.47. 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 14.26 to 14.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.63 from a horizontal line in the daily time frame.
- Support @11.11 from a trend line in the weekly time frame.
- Support @10.63 from a trend line in the daily time frame.
- A support zone ranging from 10.34 to 10.34. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.81 to 15.90. 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 SILJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SILJ is up. |
| ChartMill Relative Strength | 84.22 | POSITIVE | SILJ has a high relative strength, it outperformed 84.22% 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) | 56.11 | NEUTRAL | The RSI value for SILJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SILJ has a negative trend. |
| Stochastics (14,3) | 73.18 | NEUTRAL | The Stochastics value for SILJ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for SILJ suggests some volalility. |
| Average Directional Index/ADX (14) | 21.95 | NEUTRAL | The ADX value for SILJ suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 15.91 | 15.07 | 0.84 (5.28%) | 18.94% |
| An entry @15.91. This is a Buy Stop order right above the resistance zone. | An exit @15.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.84 points, which is 5.28%. | When investing 18.94% 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.
15.49
-0.16 (-1.02%)