ISHARES SILVER TRUST (SLV) Stock Technical Analysis
NYSEARCA:SLV - NYSE Arca - US46428Q1094 - ETF - Currency: USD
We assign a technical rating of 7 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.
Besides having an excellent technical rating, SLV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 30.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.97, 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.
More info and screens
26.07
4 important support areas can be observed.
- A support zone ranging from 29.12 to 29.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.36 to 27.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.76 to 26.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @26.33 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.22 to 31.00. 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 SLV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLV is up. |
| ChartMill Relative Strength | 73.84 | POSITIVE | SLV has a high relative strength, it outperformed 73.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SLV is above a declining 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) | 51.77 | NEUTRAL | The RSI value for SLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SLV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.67 | NEUTRAL | The Stochastics value for SLV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for SLV suggests low volalility. |
| Average Directional Index/ADX (14) | 11.13 | NEGATIVE | The low ADX value for SLV suggests a weak or negative 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 |
|---|---|---|---|
| 30.54 | 29.11 | 1.43 (4.67%) | 21.43% |
| An entry @30.54. This is a Buy Stop order right above the 10 day high. | An exit @29.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.43 points, which is 4.67%. | When investing 21.43% 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.
29.98
-0.25 (-0.83%)