SILVERCORP METALS INC (SVM) Stock Technical Analysis
NYSEARCA:SVM - NYSE Arca - CA82835P1036 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
In the last month SVM has a been trading in the 3.96 - 4.66 range, which is quite wide. It is currently trading near the high of this range.
SVM has an average volume of 6442120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SVM did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SVM is an average performer in the Metals & Mining industry, it outperforms 59% 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 currently trading near new highs, so SVM is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
3.19
4.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.96 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.61 from a trend line in the weekly time frame.
- Support @3.45 from a trend line in the daily time frame.
- Support @3.39 from a trend line in the weekly time frame.
- Support @3.22 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 | 85.79 | POSITIVE | SVM has a high relative strength, it outperformed 85.79% 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) | 65.21 | NEUTRAL | The RSI value for SVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SVM has a positive trend. |
| Stochastics (14,3) | 73.38 | NEUTRAL | The Stochastics value for SVM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SVM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | 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)
4.64
+0.15 (+3.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.34%
1 Week13.45%
2 Weeks3.11%
1 Month12.08%
3 Month39.76%
6 Month51.14%
12 Month28.89%
2 Year49.2%
3 Year75.76%
5 Year-35.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%4.22%
ATR Inc105.41%
Range Today0.21
ADR(20)0.18
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.79
Mansfield1.44
10 Day High4.66
10 Day Low3.96
20 Day High4.66
20 Day Low3.96
52 Week High5.32
52 Week Low2.87
CS1 End3.95
CR1 Start4.29
Volume & EV
DER(3)6.21%
DER(5)5.9%
Volume5.85M
Volume Incr-15.89%
Vol(5)6.33M
Vol(50)6.44M