SILVERCORP METALS INC (SVM) Stock Technical Analysis
USA - NYSEARCA:SVM - CA82835P1036 - Common Stock
6.34 USD
-0.71 (-10.07%)
6.1 USD
-0.24 (-3.79%)
Taking everything into account, SVM scores 9 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.
In the last month SVM has a been trading in the 5.80 - 7.78 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SVM is one of the better performing stocks in the market, outperforming 88% of all stocks.
SVM has an average volume of 6439130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SVM is part of the Metals & Mining industry. There are 155 other stocks in this industry, SVM did better than 47% of them.
SVM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SVM is lagging the market.
Although SVM has an excellent technical rating, it does not offer a high quality setup 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
3.55
7.13
We found 3 important support areas.
- Support @4.82 from a trend line in the daily time frame.
- Support @4.57 from a trend line in the daily time frame.
- Support @3.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.97 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 SVM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SVM is neutral. |
| ChartMill Relative Strength | 88.75 | POSITIVE | SVM has a high relative strength, it outperformed 88.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SVM is below 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) | 48.63 | NEUTRAL | The RSI value for SVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SVM has a negative trend. |
| Stochastics (14,3) | 39.3 | NEUTRAL | The Stochastics value for SVM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for SVM suggests high volalility. |
| Average Directional Index/ADX (14) | 32.36 | POSITIVE | The high ADX value value for SVM 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)
6.34
-0.71 (-10.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-10.07%
1 Week-7.31%
2 Weeks-9.82%
1 Month3.93%
3 Month34.61%
6 Month70.43%
12 Month35.47%
2 Year188.18%
3 Year157.72%
5 Year-6.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%7.06%
ATR Inc30.13%
Range Today0.39
ADR(20)0.38
ADR(20)%6.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.75
3 months CRS91.6
6 months CRS90.31
Mansfield3.78
10 Day High7.78
10 Day Low6.1
20 Day High7.78
20 Day Low5.8
52 Week High7.78
52 Week Low2.87
CS1 End4.82
CR1 Start6.97
Volume & EV
DER(3)-0.38%
DER(5)0.98%
Volume8.47M
Volume Incr13.15%
Vol(5)8.51M
Vol(50)6.44M