SPROTT SLVR MINER & PHY SLVR (SLVR) Stock Technical Analysis
NASDAQ:SLVR - Nasdaq - US85208P8730 - ETF - Currency: USD
Taking everything into account, SLVR scores 7 out of 10 in our technical rating. Although SLVR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, SLVR is a bad performer in the overall market: 100% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
SLVR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, SLVR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
26.33
31.29
We found 1 important support area.
- Support @26.60 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.98 to 30.98. 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 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). |
| Relative Strength Index/RSI (14) | 76.28 | OVERBOUGHT | The high RSI value suggests SLVR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SLVR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.27 | OVERBOUGHT | The high Stochastics value suggests SLVR may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SLVR suggests some volalility. |
| Average Directional Index/ADX (14) | 40.89 | POSITIVE | The high ADX value value for SLVR 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)
30.97
+0.67 (+2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.21%
1 Week1.47%
2 Weeks9.2%
1 Month29.42%
3 Month25.38%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%2.72%
ATR Inc-38.79%
Range Today0.57
ADR(20)0.74
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High31.15
10 Day Low28.24
20 Day High31.15
20 Day Low23.89
52 Week HighN/A
52 Week LowN/A
CS1 End26.6
CR1 Start30.98
Volume & EV
DER(3)-1.91%
DER(5)0.67%
Volume111.50K
Volume Incr0.65%
Vol(5)109.44K
Vol(50)105.49K