SilverCrest Metals Inc (SILV) Stock Technical Analysis
NYSEARCA:SILV - NYSE Arca - CA8283631015 - Common Stock - Currency: USD
Overall SILV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SILV is showing a nice and steady performance.
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 SILV is one of the better performing stocks in the market, outperforming 96% of all stocks.
SILV is one of the better performing stocks in the Metals & Mining industry, it outperforms 90% of 154 stocks in the same industry.
SILV 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 SILV has a been trading in the 9.54 - 11.97 range, which is quite wide. It is currently trading near the high of this range.
SILV has an average volume of 1889090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although SILV 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
9.12
11.78
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.06 to 11.16. 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 10.21 to 10.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.85 to 9.91. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 9.48 to 9.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.56 to 11.66. 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 SILV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SILV is up. |
| ChartMill Relative Strength | 96.1 | POSITIVE | SILV has a high relative strength, it outperformed 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SILV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SILV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SILV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.02 | NEUTRAL | The RSI value for SILV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SILV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.63 | OVERBOUGHT | The high Stochastics value suggests SILV may be overbought. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SILV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.63 | POSITIVE | The high ADX value value for SILV 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)
11.55
-0.1 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.86%
1 Week4.34%
2 Weeks5.58%
1 Month12.68%
3 Month20.69%
6 Month37.66%
12 Month120%
2 Year111.15%
3 Year32.45%
5 Year81.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%4.56%
ATR Inc-1.11%
Range Today0.26
ADR(20)0.49
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.1
Mansfield2.06
10 Day High11.98
10 Day Low10.38
20 Day High11.98
20 Day Low9.54
52 Week High11.98
52 Week Low4.83
CS1 End11.16
CR1 Start11.56
Volume & EV
DER(3)1.06%
DER(5)0.69%
Volume5.65M
Volume Incr63.92%
Vol(5)3.14M
Vol(50)1.89M