SILVER - USD - 15 min. - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 27.98 USD
My targets
28.44 USD (+1.49%)
28.97 USD (+3.40%)
My analysis
The basic trend is currently slightly bullish on SILVER - USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 27.98 USD, purchases could be favourable. The first bullish objective would be the resistance located at 28.44 USD. Then the price could move towards 28.97 USD. Then 29.43 USD by extension. A return under the support to 27.98 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 28.02 USD. The price has increased by +0.43% since the last closing with the lowest point at 27.75 USD and the highest point at 28.07 USD. The deviation from the price is +0.97% for the low point and -0.18% for the high point.27.75
28.07
28.02
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.71 | 26.20 | 27.59 | 28.02 | 28.53 | 29.77 | 34.99 |
| Change (%) | -8.24% | -6.50% | -1.53% | - | +1.82% | +6.25% | +24.88% |
| Change | -2.31 | -1.82 | -0.43 | - | +0.51 | +1.75 | +6.97 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.46 | 26.99 | 27.45 | 27.98 | 28.44 | 28.97 | 29.43 |
| Camarilla | 27.63 | 27.72 | 27.81 | 27.90 | 27.99 | 28.08 | 28.17 |
| Woodie | 26.42 | 26.97 | 27.41 | 27.96 | 28.40 | 28.95 | 29.39 |
| Fibonacci | 26.99 | 27.37 | 27.61 | 27.98 | 28.36 | 28.60 | 28.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.91 | 23.83 | 25.66 | 26.58 | 28.41 | 29.33 | 31.16 |
| Camarilla | 26.73 | 26.99 | 27.24 | 27.49 | 27.74 | 27.99 | 28.25 |
| Woodie | 23.37 | 24.06 | 26.12 | 26.81 | 28.87 | 29.56 | 31.62 |
| Fibonacci | 23.83 | 24.88 | 25.53 | 26.58 | 27.63 | 28.28 | 29.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.77 | 21.14 | 23.05 | 24.42 | 26.33 | 27.70 | 29.61 |
| Camarilla | 24.07 | 24.37 | 24.67 | 24.97 | 25.27 | 25.57 | 25.87 |
| Woodie | 20.05 | 21.28 | 23.33 | 24.56 | 26.61 | 27.84 | 29.89 |
| Fibonacci | 21.14 | 22.39 | 23.16 | 24.42 | 25.67 | 26.44 | 27.70 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.60 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 5.96 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 27.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.88 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 27.83 | |
| Zig ZAG (10): | 27.95 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 74.60 | |
| TEMA (21): | 27.98 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.55 |
| MA7: | 27.62 | |
| MA20: | 25.92 | |
| MA50: | 24.23 | |
| MA100: | 23.91 | |
| MAexp7: | 27.97 | |
| MAexp20: | 27.96 | |
| MAexp50: | 27.95 | |
| MAexp100: | 27.96 | |
| Price / MA7: | +1.45% | |
| Price / MA20: | +8.10% | |
| Price / MA50: | +15.64% | |
| Price / MA100: | +17.19% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD at the time of the analysis were as follows:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
-
Silver Technical Analysis for December 08 2016 by FXEmpire.com
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Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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