Taking everything into account, SLVR scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SLVR is a bad performer.
Besides having an excellent technical rating, SLVR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 55.58, a Stop Loss order could be placed below this zone.
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40.75
3 important support areas can be observed.
- A support zone ranging from 55.10 to 55.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.22 to 43.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.16 from a trend 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 SLVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLVR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SLVR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.53 | NEUTRAL | The RSI value for SLVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests SLVR has a negative trend. |
| Stochastics (14,3) | 51.84 | NEUTRAL | The Stochastics value for SLVR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for SLVR suggests high volalility. |
| Average Directional Index/ADX (14) | 24.36 | NEUTRAL | The ADX value for SLVR suggests a possible start of a new 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 |
|---|---|---|---|
| 56.56 | 55.09 | 1.47 (2.60%) | 25.00% |
| An entry @56.56. This is a Buy Stop order right above the 10 day moving average. | An exit @55.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.47 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SLVR. Please evaluate whether better entry and exit points can be found.
- 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.
55.59
-0.21 (-0.38%)
SPROTT SLVR MINER & PHY SLVR / SLVR FAQ
Can you provide the ChartMill technical rating for SPROTT SLVR MINER & PHY SLVR?
ChartMill assigns a technical rating of 7 / 10 to SLVR.
What is the trend direction for SLVR stock?
The current trend direction for SPROTT SLVR MINER & PHY SLVR (SLVR) is Bullish.
Can you provide the RSI signal for SPROTT SLVR MINER & PHY SLVR?
SPROTT SLVR MINER & PHY SLVR (SLVR) has an RSI value of 55.5349. This indicates that the stock is currently neutral.
What is the buy/sell signal for SLVR stock?
The buy/sell signal for SPROTT SLVR MINER & PHY SLVR (SLVR) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SLVR stock?
SPROTT SLVR MINER & PHY SLVR (SLVR) has a support level at 55.58. Check the full technical report for our detailed analysis of SLVR support and resistance levels.