ISHARES SILVER TRUST (SLV) Stock Technical Analysis
NYSEARCA:SLV - NYSE Arca - US46428Q1094 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to SLV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLV is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SLV is one of the better performing stocks in the market, outperforming 75% of all stocks.
SLV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLV is lagging the market slightly.
SLV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SLV has an average volume of 19373000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
26.49
34.09
When analyzing the support we can see 5 important areas.
- Support @31.66 from a trend line in the daily time frame.
- A support zone ranging from 29.12 to 29.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.30 from a trend line in the weekly time frame.
- A support zone ranging from 27.46 to 27.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.62 to 33.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.75 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 SLV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLV is up. |
| ChartMill Relative Strength | 75.45 | POSITIVE | SLV has a high relative strength, it outperformed 75.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.57 | NEUTRAL | The RSI value for SLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SLV has a negative trend. |
| Stochastics (14,3) | 51.52 | NEUTRAL | The Stochastics value for SLV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for SLV suggests low volalility. |
| Average Directional Index/ADX (14) | 30.87 | POSITIVE | The high ADX value value for SLV 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)
32.62
-0.72 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.16%
1 Week-0.31%
2 Weeks-1.33%
1 Month7.66%
3 Month5.23%
6 Month21.9%
12 Month22.77%
2 Year56.15%
3 Year75%
5 Year91.77%
10 Year117.03%
15 Year79.13%
Volatility
ATR(14)0.54
ATR(20)%1.89%
ATR Inc-0.78%
Range Today0.37
ADR(20)0.41
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.45
Mansfield0.62
10 Day High33.87
10 Day Low32.06
20 Day High33.87
20 Day Low29.78
52 Week High33.87
52 Week Low24.25
CS1 End31.66
CR1 Start32.62
Volume & EV
DER(3)1.35%
DER(5)1.03%
Volume17.60M
Volume Incr-28.34%
Vol(5)16.95M
Vol(50)19.37M