We assign a technical rating of 9 out of 10 to SVM. In the last year, SVM was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, SVM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.91. Right above this resistance zone may be a good entry point.
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3.61
We found 5 important support areas.
- Support @6.27 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.07 to 6.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.10 from a trend line in the daily time frame.
- Support @4.71 from a trend line in the daily time frame.
- Support @3.65 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.91 to 7.07. This zone is formed by a combination of multiple trend lines 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 | 95.28 | POSITIVE | SVM has a high relative strength, it outperformed 95.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SVM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SVM is below 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) | 45.49 | NEUTRAL | The RSI value for SVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SVM has a negative trend. |
| Stochastics (14,3) | 32.25 | NEUTRAL | The Stochastics value for SVM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for SVM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for SVM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.66 | 6.26 | 0.40 (5.95%) | 16.81% |
| An entry @6.66. This is a Buy Stop order right above the 10 day moving average. | An exit @6.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.40 points, which is 5.95%. | For a 1.00% total portfolio risk, you can invest 16.81% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SVM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.28
+0.04 (+0.64%)
SILVERCORP METALS INC / SVM FAQ
What is the ChartMill technical rating of SILVERCORP METALS INC (SVM) stock?
ChartMill assigns a technical rating of 9 / 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 45.4871. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SILVERCORP METALS INC?
SILVERCORP METALS INC (SVM) has a support level at 6.27 and a resistance level at 6.91. Check the full technical report for our detailed analysis of SVM support and resistance levels.