ISHARES SILVER TRUST (SLV) Stock Technical Analysis
USA - NYSEARCA:SLV - US46428Q1094 - ETF
45.43 USD
+0.72 (+1.61%)
45.22 USD
-0.21 (-0.46%)
Overall SLV 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, SLV 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 SLV is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, SLV also shows a nice and consistent pattern of rising prices.
SLV 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 SLV has a been trading in the 37.35 - 46.35 range, which is quite wide. It is currently trading near the high of this range.
SLV has an average volume of 27718900 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 SLV 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
28.44
45.88
4 important support areas can be observed.
- Support @36.57 from a trend line in the daily time frame.
- Support @34.69 from a trend line in the daily time frame.
- Support @29.83 from a trend line in the weekly time frame.
- Support @28.73 from a trend line in the weekly 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 | 90.71 | POSITIVE | SLV has a high relative strength, it outperformed 90.71% 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) | 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) | 80.41 | OVERBOUGHT | The high RSI value suggests SLV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SLV has a positive trend. |
| Stochastics (14,3) | 85.44 | OVERBOUGHT | The high Stochastics value suggests SLV may be overbought. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for SLV suggests some volalility. |
| Average Directional Index/ADX (14) | 34.87 | 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)
45.43
+0.72 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.61%
1 Week4.39%
2 Weeks8.53%
1 Month18.49%
3 Month29.69%
6 Month55.64%
12 Month57.74%
2 Year116.54%
3 Year157.83%
5 Year106.59%
10 Year206.96%
15 Year87.96%
Volatility
ATR(14)1.29
ATR(20)%2.53%
ATR Inc120.38%
Range Today1.11
ADR(20)0.95
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.71
Mansfield3.26
10 Day High46.35
10 Day Low41.66
20 Day High46.35
20 Day Low37.35
52 Week High46.35
52 Week Low26.19
CS1 End36.57
CR1 StartN/A
Volume & EV
DER(3)-0.12%
DER(5)-0.82%
Volume67.02M
Volume Incr101.47%
Vol(5)62.81M
Vol(50)27.72M