ISHARES SILVER TRUST (SLV) Stock Technical Analysis
NYSEARCA:SLV • US46428Q1094
Overall SLV gets a technical rating of 9 out of 10. 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 SLV has a been trading in the 65.14 - 109.83 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that SLV is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, SLV also shows a nice and consistent pattern of rising prices.
- SLV has an average volume of 119547000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLV is lagging the market.
Although SLV has an excellent technical rating, it does not offer a high quality setup 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
55.66
We found 4 important support areas.
- A support zone ranging from 74.17 to 75.71. 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 68.96 to 70.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.69 from a horizontal line in the daily time frame.
- Support @56.22 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.46 to 80.57. 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 | NEUTRAL | NEUTRAL | The short term trend for SLV is neutral. |
| ChartMill Relative Strength | 97.16 | POSITIVE | SLV has a high relative strength, it outperformed 97.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SLV is above a declining 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) | 54.21 | NEUTRAL | The RSI value for SLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests SLV has a positive trend. |
| Stochastics (14,3) | 83.56 | OVERBOUGHT | The high Stochastics value suggests SLV may be overbought. |
| Average True Range in percent/ATR (20) | 9.38 | HIGH VOLATILITY | The high ATR as a percentage value for SLV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for SLV suggests a weak or negative trend. |
80.45
+0.41 (+0.51%)
ISHARES SILVER TRUST / SLV FAQ
Can you provide the ChartMill technical rating for ISHARES SILVER TRUST?
ChartMill assigns a technical rating of 9 / 10 to SLV.
What is the trend direction for SLV stock?
The current trend direction for ISHARES SILVER TRUST (SLV) is Bullish.
What is the RSI signal for ISHARES SILVER TRUST (SLV) stock?
ISHARES SILVER TRUST (SLV) has an RSI value of 54.2135. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES SILVER TRUST?
The MACD indicator for ISHARES SILVER TRUST (SLV) has a value of 0.559451, indicating a bearish trend.
What is the support and resistance level for SLV stock?
ISHARES SILVER TRUST (SLV) has a support level at 75.71 and a resistance level at 80.46. Check the full technical report for our detailed analysis of SLV support and resistance levels.