ABRDN PHYSICAL SILVER SHARES (SIVR) Stock Technical Analysis
NYSEARCA:SIVR - NYSE Arca - US0032641088 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to SIVR. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SIVR has a been trading in the 34.58 - 37.67 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 SIVR is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by SIVR over the past year are nicely spread over this period.
SIVR 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 SIVR is performing more or less in line with the market.
SIVR has an average volume of 1077770 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.
Although SIVR 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
27.51
37.83
When analyzing the support we can see 5 important areas.
- A support zone ranging from 34.36 to 35.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.18 from a trend line in the weekly time frame.
- Support @29.36 from a trend line in the daily time frame.
- Support @28.81 from a horizontal line in the daily time frame.
- A support zone ranging from 27.79 to 28.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @35.29 from a trend line in the daily time frame.
- A resistance zone ranging from 36.07 to 36.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.46 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 SIVR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SIVR is down. |
| ChartMill Relative Strength | 83.27 | POSITIVE | SIVR has a high relative strength, it outperformed 83.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SIVR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.21 | NEUTRAL | The RSI value for SIVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests SIVR has a negative trend. |
| Stochastics (14,3) | 9.67 | OVERSOLD | The low Stochastics value suggests SIVR may be oversold. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for SIVR suggests low volalility. |
| Average Directional Index/ADX (14) | 26.32 | POSITIVE | The high ADX value value for SIVR 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)
35.23
+0.27 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.77%
1 Week-3.11%
2 Weeks-3.03%
1 Month0.31%
3 Month15.39%
6 Month17.98%
12 Month29.14%
2 Year50.56%
3 Year103.64%
5 Year29.28%
10 Year145.16%
15 Year82.73%
Volatility
ATR(14)0.59
ATR(20)%1.76%
ATR Inc-31.56%
Range Today0.4
ADR(20)0.51
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.27
Mansfield0.71
10 Day High37.67
10 Day Low34.74
20 Day High37.67
20 Day Low34.58
52 Week High37.67
52 Week Low25.41
CS1 End35.22
CR1 Start35.29
Volume & EV
DER(3)0.47%
DER(5)0.74%
Volume980.70K
Volume Incr-4.03%
Vol(5)1.03M
Vol(50)1.08M