Taking everything into account, SVM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SVM is showing a nice and steady performance.
Although SVM 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
6.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.81 to 7.89. 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 6.55 to 6.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.40 from a trend line in the daily time frame.
- Support @6.13 from a horizontal 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 SVM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SVM is up. |
| ChartMill Relative Strength | 97.38 | POSITIVE | SVM has a high relative strength, it outperformed 97.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SVM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SVM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SVM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.39 | OVERBOUGHT | The high RSI value suggests SVM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SVM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.13 | OVERBOUGHT | The high Stochastics value suggests SVM may be overbought. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for SVM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.9 | NEUTRAL | The ADX value for SVM suggests a possible start of a new trend. |
8.26
+0.07 (+0.85%)
SILVERCORP METALS INC / SVM FAQ
What is the ChartMill technical rating of SILVERCORP METALS INC (SVM) stock?
ChartMill assigns a technical rating of 10 / 10 to SVM.
What is the trend direction for SVM stock?
The current trend direction for SILVERCORP METALS INC (SVM) is Bullish.
What is the RSI signal for SVM stock?
SILVERCORP METALS INC (SVM) has an RSI value of 71.39. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for SILVERCORP METALS INC?
The buy/sell signal for SILVERCORP METALS INC (SVM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SILVERCORP METALS INC (SVM) stock?
SILVERCORP METALS INC (SVM) has a support level at 7.89. Check the full technical report for our detailed analysis of SVM support and resistance levels.