SILVER - USD - 15 min. - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 28.51 USD
My targets
29.16 USD (+2.17%)
30.45 USD (+6.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 28.51 USD. The buyers' bullish objective is set at 29.16 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.45 USD. If there is any crossing, the next objective would be the resistance located at 31.10 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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Additional analysis
Quotes
SILVER - USD rating 28.54 USD. The price has increased by +2.40% since the last closing with the lowest point at 27.58 USD and the highest point at 28.80 USD. The deviation from the price is +3.48% for the low point and -0.90% for the high point.27.58
28.80
28.54
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 this 15 min. chart of SILVER - USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.87 | 27.59 | 28.53 | 28.54 | 28.92 | 29.23 | 29.77 |
| Change (%) | -5.85% | -3.33% | -0.04% | - | +1.33% | +2.42% | +4.31% |
| Change | -1.67 | -0.95 | -0.01 | - | +0.38 | +0.69 | +1.23 |
| Level | Minor | Major | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.28 | 26.57 | 27.22 | 28.51 | 29.16 | 30.45 | 31.10 |
| Camarilla | 27.34 | 27.51 | 27.69 | 27.87 | 28.05 | 28.23 | 28.40 |
| Woodie | 24.96 | 26.41 | 26.90 | 28.35 | 28.84 | 30.29 | 30.78 |
| Fibonacci | 26.57 | 27.31 | 27.77 | 28.51 | 29.25 | 29.71 | 30.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.61 | 25.24 | 26.55 | 28.18 | 29.49 | 31.12 | 32.43 |
| Camarilla | 27.06 | 27.33 | 27.60 | 27.87 | 28.14 | 28.41 | 28.68 |
| Woodie | 23.46 | 25.16 | 26.40 | 28.10 | 29.34 | 31.04 | 32.28 |
| Fibonacci | 25.24 | 26.36 | 27.05 | 28.18 | 29.30 | 29.99 | 31.12 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.91 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 12.96 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 28.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.54 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 28.42 | |
| Zig ZAG (10): | 28.58 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 63.29 | |
| TEMA (21): | 28.66 | |
| Williams %R (14): | -44.68 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.01 |
| MA7: | 28.04 | |
| MA20: | 26.26 | |
| MA50: | 24.46 | |
| MA100: | 24.00 | |
| MAexp7: | 28.58 | |
| MAexp20: | 28.52 | |
| MAexp50: | 28.43 | |
| MAexp100: | 28.43 | |
| Price / MA7: | +1.78% | |
| Price / MA20: | +8.68% | |
| Price / MA50: | +16.68% | |
| Price / MA100: | +18.92% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis was as follows:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
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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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