SILVERCORP METALS INC (SVM)

CA82835P1036 - Common Stock

2.36  -0.04 (-1.67%)

After market: 2.45 +0.09 (+3.81%)

Technical Rating and Analysis

0

Taking everything into account, SVM scores 0 out of 10 in our technical rating. SVM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SVM is a bad performer in the overall market: 79% of all stocks are doing better.
SVM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SVM has a been trading in the 2.22 - 2.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SVM has an average volume of 1301280 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 156 other stocks in this industry, SVM did better than 45% of them.
Weekly and Daily overview Charts
SVM Weekly chart
SVM Daily chart
Setup Rating and Analysis

8

SVM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SVM in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

2.10

2.82

When analyzing the support we can see 3 important areas.

  • Support @2.27 from a trend line in the daily time frame.
  • Support @2.19 from a horizontal line in the daily time frame.
  • A support zone ranging from 2.12 to 2.13. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

  • A resistance zone ranging from 2.41 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.48 to 2.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.68 from a trend line in the daily time frame.
  • Resistance @2.79 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.3
Mansfield-2.8
10 Day High2.54
10 Day Low2.22
20 Day High2.54
20 Day Low2.22
52 Week High4.2
52 Week Low2.08
Performance
1 Week3.51%
2 Weeks3.96%
1 Month-0.84%
3 Month-2.88%
6 Month-6.72%
12 Month-19.73%
2 Year-36.22%
3 Year-59.52%
5 Year-8.53%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)47.81
LBB2.21
UBB2.48
SVM Daily chart

SILVERCORP METALS INC

NYSEARCA:SVM (2/22/2024, 7:11:56 PM)

After market: 2.45 +0.09 (+3.81%)

2.36

-0.04 (-1.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.67%
1 Week3.51%
2 Weeks3.96%
1 Month-0.84%
3 Month-2.88%
6 Month-6.72%
12 Month-19.73%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%4.48%
ATR Inc
Range Today0.08
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.54
10 Day Low2.22
20 Day High2.54
20 Day Low2.22
52 Week High4.2
52 Week Low2.08
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.40M
Volume Incr-19.36%
Vol(5)1.00M
Vol(50)1.30M