SILVERCORP METALS INC (SVM) Stock Technical Analysis
NYSEARCA:SVM - NYSE Arca - CA82835P1036 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SVM. SVM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SVM has a been trading in the 3.48 - 3.93 range, which is quite wide. It is currently trading near the high of this range.
SVM has an average volume of 5966990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SVM outperforms 57% of them, which is more or less in line with the market.
SVM is an average performer in the Metals & Mining industry, it outperforms 50% of 154 stocks in the same industry.
SVM 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 SVM is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, SVM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SVM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.19
4.24
We found 4 important support areas.
- A support zone ranging from 3.63 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.48 to 3.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.30 to 3.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.22 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @3.92 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.09 to 4.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.20 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 | NEUTRAL | NEUTRAL | The long term trend for SVM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SVM is up. |
| ChartMill Relative Strength | 57.15 | NEUTRAL | SVM is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of SVM is above a declining 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) | 55.66 | NEUTRAL | The RSI value for SVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SVM has a positive trend. |
| Stochastics (14,3) | 82.76 | OVERBOUGHT | The high Stochastics value suggests SVM may be overbought. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for SVM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for SVM suggests a weak or negative 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)
3.87
-0.04 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.02%
1 Week7.5%
2 Weeks6.32%
1 Month2.11%
3 Month6.91%
6 Month13.16%
12 Month-5.61%
2 Year29%
3 Year42.28%
5 Year-12.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%4.04%
ATR Inc8.34%
Range Today0.16
ADR(20)0.14
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.15
Mansfield0.21
10 Day High3.93
10 Day Low3.5
20 Day High3.93
20 Day Low3.48
52 Week High5.32
52 Week Low2.87
CS1 End3.7
CR1 Start3.92
Volume & EV
DER(3)9.86%
DER(5)8.91%
Volume5.71M
Volume Incr9.16%
Vol(5)5.97M
Vol(50)5.97M