VS 3X Silver (USLV) Stock Technical Analysis
USA - NASDAQ:USLV -
Overall USLV gets a technical rating of 6 out of 10. Although USLV has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
USLV has only a medium technical rating, but it does show 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 69.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for USLV 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.
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44.26
3 important support areas can be observed.
- A support zone ranging from 60.87 to 61.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.43 to 59.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.71 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 69.37 to 70.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @72.78 from a horizontal line in the weekly time frame.
- Resistance @91.62 from a trend line in the weekly 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 USLV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USLV is up. |
| ChartMill Relative Strength | 88.87 | POSITIVE | USLV has a high relative strength, it outperformed 88.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of USLV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for USLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests USLV has a negative trend. |
| Stochastics (14,3) | 79.92 | NEUTRAL | The Stochastics value for USLV is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for USLV suggests high volalility. |
66.52
-0.61 (-0.91%)