SPROTT SLVR MINER & PHY SLVR (SLVR) Technical Analysis
NASDAQ:SLVR • US85208P8730
Current stock price
SLVR Technical Rating and Analysis
Overall SLVR gets a technical rating of 5 out of 10. SLVR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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.
- When comparing the yearly performance of all stocks, we notice that SLVR is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, SLVR also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- SLVR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SLVR is lagging the market slightly.
- In the last month SLVR has a been trading in the 50.50 - 74.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLVR Weekly and Daily overview Charts
SLVR Setup Rating and Analysis
Although the technical rating is only medium, SLVR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 59.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.15, a Stop Loss order could be placed below this zone.
More info and screens
SLVR Support and Resistance Analysis
50.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 52.07 to 52.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 51.17 to 51.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.49 to 61.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.07 from a horizontal line in the daily time frame.
SLVR Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for SLVR is down. |
| ChartMill Relative Strength | 94.2 | POSITIVE | SLVR has a high relative strength, it outperformed 94.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLVR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLVR is below a declining 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) | 46.21 | NEUTRAL | The RSI value for SLVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests SLVR has a positive trend. |
| Stochastics (14,3) | 62.98 | NEUTRAL | The Stochastics value for SLVR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for SLVR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.82 | POSITIVE | The high ADX value value for SLVR suggests a strong trend. |
SLVR Chart- and CandleStick Pattern Analysis
SLVR Technicals: Chart, Performance Metrics, Trend & Indicators
59.2
-0.28 (-0.48%)
SPROTT SLVR MINER & PHY SLVR / SLVR TA FAQ
Can you provide the ChartMill technical rating for SPROTT SLVR MINER & PHY SLVR?
ChartMill assigns a technical rating of 5 / 10 to SLVR.
What is the trend direction for SLVR stock?
The current trend direction for SPROTT SLVR MINER & PHY SLVR (SLVR) is Bullish.
What is the RSI signal for SLVR stock?
SPROTT SLVR MINER & PHY SLVR (SLVR) has an RSI value of 46.2085. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SPROTT SLVR MINER & PHY SLVR?
The short term momentum for SPROTT SLVR MINER & PHY SLVR (SLVR) is negative.
What is the buy/sell signal for SPROTT SLVR MINER & PHY SLVR (SLVR) stock?
The buy/sell signal for SPROTT SLVR MINER & PHY SLVR (SLVR) is hold as the short term and long term trends are mixed.